UNCLASSIFIED
035177 MDTTAN 3459
AND
STRENGTHEN COOPERATION IN ECONOMIC AND OTHER FIELDS BETWEEN CANTON
HONG KONG. THE GOVERNOR WAS WAS REPORTED TO HAVE SAID THAT IT
WAS OF PRIME IMPORTANCE FOR BOTH SIDES TO FAMILIARISE THEMSELVES WITH THE OTHERS PLANNING SITUATION IN ORDER TO STRENGTHEN ECONOMIC
COOPERATION AND MAXIMISE ITS ECONOMIC BENIFIT.
1
4. THE PEOPLE'S DAILY AND THE SHENZHEN SPECIAL ECONOMIC ZONE DAILY
OF 1 DECEMBER AND CHINA DAILY OF 2 DECEMBER PICKED UP ELEMENTS OF THIS RELEASE IN THEIR INSIDE PAGES. THE OVERSEAS PEOPLE'S DAILY OF 2 DECEMBER CARRIED A MORE LENGTHY AND CONVERSATIONAL ACCOUNT OF THE
MEETING BETWEEN THE GOVERNOR AND YE.
5. NCNA OF 2 DECEMBER BRIEFLY REPORTED THE CEREMONY TO OPEN THE
SHANGHAI HKTDC OFFICE PRESIDED OVER BY LYDIA DUNN AND ATTENDED BY
STATE COUNSELLOR ZHANG JINGFU AND THE GOVERNOR. ACCORDING TO THE REPORT,
SHANGHAI HAD ESTABLISHED TRADE RELATIONS WITH MORE THAN 3000
HONG KONG FIRMS AND INVESTMENT FROM HONG KONG RANKED THE LARGEST AMONG OVERSEAS INVESTMENTS IN THE CITY. THE REPORT OF THE BANQUET HELD BY THE MAYOR OF SHANGHAI, JIANG ZEMIN, NOTED THAT BOTH SIDES HAD EXPRESSED WILLINGNESS TO STRIVE FOR THE EXPANSION OF COMPREHENSIVE COOPERATION BETWEEN HONG KONG AND SHANGHAI. THE CHINA DAILY OF 3 DECEMBER CARRIED A FULLER REPORT, QUOTING PART OF LYDIA DUNN'S SPEECH AND NOTING THAT HONG KONG JOINT VENTURES ACCOUNTED FOR TWO THIRDS OF THE TOTAL IN SHANGHAI AND THAT HONG KONG WAS SECOND TO THE UNITED STATES IN TERMS OF THE VALUE OF CONTRACTED DIRECT FOREIGN INVESTMENTS (NEARLY ONE THIRD OF A TOTAL OF 1,760 MILLION US DOLLARS DURING THE PERIOD 1979 TO AUGUST 1987) SHANGHAI'S
INVESTMENTS IN HONG KONG WERE SPREAD OVER SOME 20 COMPANIES IN TEXTILES MACHINERY, PACKAGING, CONSTRUCTION, ENGINEERING AND TOURISM. THE OVERSEAS PEOPLE'S DAILY OF 4 DECEMBER AGAIN CARRIED A FULLER REPORT EMPHASISING THE STRENGTHENING OF COOPERATION BETWEEN
HONG KONG AND THE SHANGHAI ECONOMIC ZONE.
·
6. FINALLY THE CHINESE PRESS RELEASE IN SECOND TUR WAS CARRIED IN FULL IN THE PEOPLE'S DAILY OF 5 DECEMBER (WITH THE ORIGINAL CHINESE ''USEFUL AND HARMONIOUS'' SUBSTITUED FOR ''CONDUCTIVE
IN THE
ENGLISH VERSION PARA 2 OF PEKING TELNO 2127 REFERS). THE SHENZHEN SPECIAL ECONOMIC ZONE DAILY CARRIED A MUCH SHORTENED VERSION OF THE
PRESS RELEASE.
-
SIGNED PAMELA MAJOR
YYYY
2
PAGE
UNCLASSIFIED
Page 60Page 61