BRIEF NO.3

CHECKLIST FOR LUNCH WITH STEPHEN DAY AND BRITISH BUSINESSMEN

British Business Prospects

British companies doing well at all levels.

UK exports to

HK up 20-25% on 1991, and likely to rise further. opportunities in Hong Kong and Southern China.

Tremendous

Are you seizing the opportunities in China in same way as the Hong Kong Chinese? Your experiences?

Still ignorance in the UK about these market opportunities. Your experience? Possible solutions?

Economy

- Level of confidence? Experience of dealing with China? How

is Hong Kong's wage and general inflation affecting your

decisions?

ECGD Cover (Defensive)

- Full range of ECGD export credit facilities available. Demand is high. We hope to satisfy companies' requirements for major project work.

Inflation (Defensive)

Signs that battle is being won.

Labour shortages easing

Know

somewhat and consumer prices down (8.8% in year to May). Hong Kong Government will fight to keep it down.

China's MFN Status (Defensive)

Unconditional renewal vital for Hong Kong: know there was

Legco debate recently. Continue to argue Hong Kong's case strongly with the US Administration and members of Congress.

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