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Redacted

under FOI exemption 27(1)(a)(c)(d)

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14. The Chinese position is both tough and rigid. They are aware

of its underlying strength. They know that they have only to wait

until 1997, at which time 92 percent of Hong Kong passes to them

without effort and the remaining 8 percent is unviable on its own.

They also know that Hong Kong, even at present, is indefensible

against China, though of course they are unwilling to move at once

unless they have the excuse of clearly deteriorating public order

in the territory. They also have the advantage of putting forward

a plan (Hong Kong people governing Hong Kong) which is

irreproachable in international terms and of dealing in Hong Kong

with a population of their own race whom they can hope either to

intimidate or seduce. Our cards, on the other hand, are the

present demonstrable success of Hong Kong in our hands and the

fact that the Chinese would like to maintain prosperity if they

can do so without upsetting their nationalist aims. For that they

need British cooperation both in the period before 1997 and in the

international negotiations that will be necessary in order to

secure for the new government adequate access to international

markets. These cards have their value, though we should be unwise

to set that value too high.

Present Position

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10.

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