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14. Calls for greater democracy in Hong Kong. Hong Kong's status has inhibited progress. But Hong Kong Government aware of local

wishes. Situation not static.

15. Hong Kong dollar and exchange rate fluctuations. September/ October measures to stabilise Hong Kong dollar. Working well.

Economy in good shape.

of 22 Jan.

16. Sunday Times article

package must be judged as a whole.

but much detailed discussion still to come.

We have not made concessions. Any

Moving as quickly as possible.

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