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expenditure of foreign exchange on imported goods and services, which will inevitably affect Hong Kong exporters, China's long term importance to Hong Kong, assuming there is no complete reversal of
the open-door policy and по early relaxation of protectionist
pressures in the West, is likely to remain considerable.
8.
If this assumption of growing economic interdependence is
correct, what are the political implications? One is that the
economic incentive to China to honour the Hong Kong Agreement is unlikely to diminish. Another may be that there will be increasing disinclination on the part of the Hong Kong business community to upset the Chinese: pressure from the taipans not to go too fast or
too far over the development of representative government, for example, is unlikely to diminish.
6 November 1985
L.G. Ehrman
W G Ehrman
Hong Kong Department
In linear trends an
The
小
particularly illuminating.
table 2
Presumably the arguments
in paragraph 6 above app moving to Sankr
ли
в автопроз
China, where he all-important foreign exchange
lain
is bem drith
central Government m'lek
ай
сти
бат
6/10.
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