HK3 AGQ
ΧΙ
RESTRICTED
SIR Y K PAO'S CHEVENING WEEKEND, 15-16 MARCH 1986
NINGBO STEEL PROJECT
Points to Make
1.
Glad that Davy Consortium have submitted
submitted preliminary
feasibility report to Chinese authorities. Hope Chinese
will soon give approval for full study to go ahead.
2.
Present Chinese view of project?
3.
(Defensive).
Enormous scale of project means that only
part of it, at most, could be financed under UK soft loan
facility, but HMG prepared to consider this.