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CONTINUE, THAT DEMOCRATIZATION ADVANCES, AND THAT THE U.S. RELATIONSHIP WITH HONG KONG BE PRESERVED AND STRENGTHENED.
BEFORE 1997, IT IS PRIMARILY INCUMBENT ON THE PRC AND THEBRITISH GOVERNMENTS TO TAKE THE NECESSARY STEPS TO PRESERVE HONG KONG'S ESSENTIAL CHARACTER; AFTER 1997, THAT TASK WILL BE CHINA'S ALONE. OBVIOUSLY, HOW CHINA EXERCISES ITS SOVEREIGNTY OVER HONG KONG WILL AFFECT AMERICAN ATTITUDES TOWARDS CHINA.
HONG KONG-PRC ECONOMIC RELATIONS
CHINA HAS SUBSTANTIAL INTERESTS AND COMPELLING INCENTIVES
TO RESPECT ITS OBLIGATIONS AND SEEK TO PRESERVE THE CONDITIONS
THAT HAVE ALLOWED HONG KONG TO PROSPER.
KONG'S SUCCESS IS CONSIDERABLE:
CHINA'S STAKE IN HONG
CHINA HAS A CLEAR AND GROWING ECONOMIC STAKE IN HONG
KONG'S CONTINUED PROSPERITY: THE PRC IS THE LARGEST FOREIGN
INVESTOR IN HONG KONG, AND HONG KONG IS THE LARGEST SOURCE
OF FOREIGN INVESTMENT IN CHINA, AND AN IMPORTANT ECONOMIC
AND FINANCIAL ENTREPOT TO THE OUTSIDE WORLD.
THE ECONOMIC INTEGRATION OF SOUTH CHINA WITH HONG KONG
HAS BEEN KEY TO THE REMARKABLE SUCCESS OF THE SPECIAL
ECONOMIC ZONES (SEZ) ADJACENT TO HONG KONG AND THE PEARL RIVER DELTA WHICH HAS MADE SOUTH CHINA AN ENGINE OF CHINESE
ECONOMIC GROWTH.
CHINA VIEWS ITS SUCCESS IN HONG KONG AS SOMETHING THAT