CONFIDENTIAL 2
or deed, and they have intimated that the continuation of
Dobot kuns their
ideas. They reation
лату
Hong Kong's economic system would not be affected by whatever
Optains include allowing sq. & conture begiet 1997 solution was reached in or around 1997 The Chinese are aware
while maintain of the need to maintain business confidence, but apparently
Mat
feel that the assurances already made should suffice.
Political stability and economic development in China are
immediate problems: they see no urgency in the Hong Kong
i
question. Whether will allow profit status quo
Economic Prospects and HMG's Interests
4. Hong Kong's economy is booming and, confidence permitting,
prospects are good. The latest economic report of the Hong
Kong Bank forecast a gathering momentum in the growth of
exports this year and what it called "buoyant long-term
investment". The UK's stake in Hong Kong's economic buoyancy
is fairly substantial, particularly in export credits.
7% of ECGD liabilities (£1,253 million) are in Hong Kong,
making in ECGD's largest market. Credits for Castle Peak 'B'
could almost double this figure and ECGD's commitments on the
project, if agreed, will extend beyond 1997.]
Future. Not
Not a time for initiatives. Movines need
Some
encourage any practical moves which might encourage
confidence
on
сп
encermany
нка clear poss
I sq conturing beyond 1997
Garmurio Annual
Reviews
watch for ways
I
Chinese investment, Also wakit es. Chinese to make armances frere pusese
Vital for no not & noch confidente & by speculati
Jutine. This applies to discuss with
businessmen.
CONFIDENTIAL