22 HAF
1 TECK FADI
TO
CO NEWS
PAGE.DES
TRANSCRIPT G
HONG KONG SELECT COMMITTEE MEETING
22
-
22 MAR 89
FOREIGN
ART (COFT.
And it was that which iuspired Chairman Deng Xian Ping's
initial presentation of the one country, two ɛystem ubjective. They recognised that this unique prize had to be kept operating in
a unique way.
And if 1 may say 50,
before informally,
I think I have told the Committee
I tried to use that insight as a mans of
extending Chinese perception of what was necessary in the Juint Declaration. 1 presented the picture of a relay race in which the
team players were China and ourselves aud in which the baton was
the King vase of Hong Kong and we needed immense skill and
sensitivity if we were to effect this transformation and
continuity.
And 1 think that a lot of the work that has been going on in
the Joint Liaison Group and in the Basic Law Drafting Committee
has been an extended process of shared insights so that it has
been possible to show the Chinese why membership of GATT is
It has been possible to show them why freedom of
A discussion that i baq in
important.
rovement of capital is important. Peking early on with Chinese leaders in which they derived som
comfort from the fact that they had been told by the Japanese
Government and the American Government that their companies would
go m investing in Hong Kong. And I had to explain that the King
was a mynetic one and that investment would only go on if
Hong Kong remained magnetic to inward flow of capital.
PURA