CONFIDENTIAL

China/Hong Kong: International Support

Points to make

-

Prospects for Hong Kong look good. South China economic

development irreversible. Hong Kong's success hinges on its

economy. But we also need to create the right political

environment.

- As Douglas Hurd told Mr Watanabe in Washington on

22 January, we are grateful for Japan's efforts to influence

China.

-

Important to continue to remind China (as Mr Watanabe has

been doing) that a confrontational policy towards Hong Kong could discourage foreign investment. Particularly relevant to our current talks with China aimed at resolving the

airport financing problem.

Also useful that China is told frankly that the developing democratic system is essential to the maintenance of Hong Kong's stability and prosperity and that Chinese attacks on it undermine business confidence in the One Country Two Systems policy.

- For our part, we have no intention of shirking our

responsibility for Hong Kong's administration up to 1997 or

of tampering with its strong executive-led system of

government.

JH4ABC/1

SLM

CONFIDENTIAL

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