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MDHIAN

4

US THAT THERE WAS NO CHANGE IN CLINTON'S POSITION.

4.

IT IS STILL TOO EARLY TO SAY HOW CLINTON WILL HANDLE THE MFN ISSUE. HE HAS STILL LEFT ALL HIS OPTIONS OPEN. MANY OF OUR) DEMOCRATIC CONTACTS ON THE HILL THINK HE WILL ADOPT A CAUTIOUS APPROACH. THEY HAVE ALREADY BEGUN TO SPECULATE THAT CLINTON MIGHT WAIT UNTIL JUNE, AND THEN RENEW MFN FOR A YEAR AT THE SAME TIME/ HE WOULD MAKE CLEAR, EITHER BY EXECUTIVE ORDER OR BY PRESIDENTIAL / STATEMENT THAT SUBSEQUENT RENEWAL WOULD DEPEND ON CHINESE PROGRESS OVER HUMAN RIGHTS, MARKET ACCESS, AND NON-PROLIFERATION.

5. HONG KONG TELNO 2720: WE AGREE THAT THE KEY IS TO ENSURE THAT~: CLINTON LEAVES HIMSELF MAXIMUM DISCRETION IN DECIDING WHETHER CHINA MEETS CONDITIONS FOR RENEWING MFN. OUR AIM THEREFORE WOULD BE TO TRY TO ENSURE THAT CLINTON AVOIDS LEGISLATION SETTING TOUGH CONDITIONS. AS HONG KONG POINT OUT, ANY SUCH LEGISLATION EVEN IF ITS APPLICATION IS DELAYED - WOULD UNDERMINE CONFIDENCE IN HONG

KONG. WE WILL CONTINUE TO MAKE THESE POINTS TO OFFICIALS AND

CONGRESS HERE.

-

MEYER

YYYY

DISTRIBUTION

74

ΜΑΙΝ

73

.MFN AND HONG KONG HKD

RAD

EASD/ODA

ECONOMIC ADVISERS

PS

ERD

ESED

FED

PS/MR GOODLAD

PS/PUS

SIR J COLES

JOINT DIRECTORATE

MR CROWE

NAD

NEWS D

MR MILES

MR HUM

ADDITIONAL

1

DTI//MR MURRAY OT2/3

2

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