CONFIDENTIAL
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102675
MDHIAN 5189
CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO
1596
OF 18053OZ MAY 89
INFO PRIORITY UKREP JLG HONG KONG,
HKHONG RIWAY PEKI
PART TWO OF TWO
FOR HKD
SECTION VII
Lo
em
4 · ·
PAGE ONE, FIRST TIRET. REWORD LAST TWO SENTENCE:
MAJOR STAKE BOTH ECONOMICALLY AND POLITICALLY. SINCE 1978 CHINA'S POLICY OF OPENING TO THE OUTSIDE WORLD HAS MADE IT INCREASINGLY IMPORTANT FOR THE PRC TO DEMONSTRATE ITS GOOD FAITH IN ADHERING TO INTERNATIONAL UNDERTAKINGS. MOREOVER THE CHINESE CONCEPT ''ONE COUNTRY/TWO SYSTEMS'' IS INTENDED TO APPLY TO TAIWAN AS WELL AS TO HONG KONG AND MACAU. A FAILURE TO LIVE UP TO THE SPIRIT AS WELL AS THE LETTER OF THE HONG KONG AGREEMENT WOULD RULE OUT ANY POSSIBILITY OF EVENTUAL TAIWANESE ACCEPTANCE OF THIS FORMULA.
PAGE ONE, SECOND TIRET. REWORD LAST TWO SENTENCES: ''HONG KONG ALREADY ACCOUNTS FOR OVER ONE QUARTER OF CHINA'S FOREIGN EXCHANGE EARNINGS AND AROUND 70 PER CENT OF REALISED DIRECT FOREIGN INVESTMENT IN CHINA. IN GUANGDONG PROVINCE, AROUND 2 MILLION WORKERS ARE NOW EMPLOYED ON CHINESE SIDE OF THE BORDER BY HONG KONG BUSINESSMEN IN ALL TYPES OF ACTIVITIES INCLUDING MANUFACTURING.''
PAGE ONE, THIRD TIRET. DELET FINAL SENTENCE (REPETITION).
PAGE ONE, FOURTH TIRET. REPLACE 'COLLAPSE
1 1 WITH CLOSURE' ADD ''1987'' AFTER ''OCTOBER''. REPLACE CONCERN' ''BELIEF''
·
WITH
PAGE ONE, FIFTH TIRET. DELETE ''HMG AND HONG KONG GOVERNMENT (AS WELL AS HONG KONG PEOPLE)'' AND REPLACE BY ''HONG KONG PEOPLE AS WELL AS HMG AND HONG KONG GOVERNMENT.''
PAGE ONE, SIXTH TIRET, WE SUGGEST DELETION (FOR THE REASON GIVEN IN UKREP JLG TELNO 148).
PAGE TWO, FIRST TIRET. REPLACE ''EXCHANGE'' WITH ''AND''
1
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