CONFIDENTIAL

生機密

Report on Developments

in Hong Kong-China Economic Relations

third quarter of 1988

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Summary

CRC INF 1/89

(CEC 9/88)

Paragraph

(I)

General economic developments in China

(a) Overall view

1

(b) Domestic sector

2

1

9

10

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(c) The Third Plenary Session of

the 13th Party Central Congress (26-30 September 1988)

(d) External sector

(e) Financial developments in China.

(i)

(ii)

Curbing excessive growth in loans

Restraining the growth of money supply (currency in circulation)

(iii) Further liberalisation of

foreign exchange transactions

China's external borrowing

(iv)

(f) Developments in the vicinity

of Hong Kong

(II) Visible trade between Hong Kong and China

GF 323

CONFIDENTIAL ##

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