SECTION VII: THREATS TO AND OPPORTUNITIES FOR BRITISH

INTERESTS

THREATS

18. I. Hong Kong

Failure to co-operate in achieving consistency becween

the Basic Law Provisions on government structure and

the development of representative government before

1997 could cause a collapse of confidence and damage

other aspects of Sino-British relations.

II.

Internal Political

China's internal stability cannot be assured. New

tensions might build up which could pose an eventual

threat to reformist economic and political policies.

III.

External Political

The Soviet leadership will continue to be concerned

over the improving relationship between Western

Governments and the Chinese, particularly in the field

of defence sales and will work to discourage its

further development.

IV.

Economic

In common with all China's trading partners, the UK

could face problems in trading with China if the

Chinese over-borrow, cannot export enough, or want us

to take more sensitive items under quota than we are

ready to contemplate.

PRSAAJ

CONFIDENTIAL

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