JH2ADL
THIS IS A COPY
THE ORIGINAL HAS BEEN CLOSED FOR
40 YEARS UNDER FOI EXEMPTION NO. 2700....
SIR P CRADOCK'S VISIT TO WASHINGTON DC: HONG KONG
Future of Hong Kong
1.
Kong.
Coming 12 years will be a trying time for Hong
HMG will have to perform delicate political
balancing act. Need the cooperation of the Chinese, but must also be seen in Hong Kong as prepared to stand up for Hong Kong's interests.
2.
Will need
need full support of our allies during this
period. Particularly the Americans. In quibbles about aspects must not forget larger
Aware of importance we believe
commercial and other
political picture.
Americans attach to continuing prosperity and stability of
Hong Kong.
Hong Kong Economy and Trade
3.
Has proved buoyant and confident in aftermath of
Agreement. Stock Market index recently at a four year
high.
However, Hong Kong's economic viability remains dependent on trade, and US is Hong Kong's largest market.
are already affecting
confidence in Hong Kong, which, unlike other trading
Protectionist moves
any
in
US
not
partners against whom US measures may be aimed, does
impose
restrictions оп US goods. A local s lump
brought on by cutbacks in Hong Kong's largest market would represent a real threat to Hong Kong's prosperity and stability, and thus to implementation of Agreement.
Joint Liaison Group
4.
First meeting of the Joint Liaison Group London, 22-25 July. Next meeting Peking, 26-29 November. British delegation led by Dr Wilson. Includes 2 members of Hong
Kong Government