File No.
Drafted by-
Typed by-
Date-
DRAFT
CONFIDENTIAL
Page
during
the 1980s, Hong Kong-China
trade
real
terms.
increased by about 800% in
In the past two
years alone, this trade has grown
by about 40%;
about 3 million
people in China
are directly
or indirectly
employed
by
Hong
Kong
businesses.
This is more than
four times the number of people
employed in
our own domestic
manufacturing sector;
investment
directions
60%
of
investment
flows
in
both
About
external
are enormous.
China's
Hong Kong:
comes from or through
investment
is
also
in the other direction
substantial.
China' S
investments
estimated
billion;
in Hong Kong are
to be worth about US$10
CONFIDENTIAL