a worse state than it was in before the new approach was

tried in 1992.

It will be a tragedy, the greater for being

avoidable. In distributing blame, the future historian

will note Chinese intransigence and an apparent wish,

contrary to Chinese tradition and interest, to humiliate

their opponents. But he will also note, on the British

side, a consistent misreading of Chinese attitudes and

tolerance.

However unreasonable, the Chinese position

was well known before the 1992 venture began; and there

were plentiful warnings of the effect of disregarding it.

Given the balance of power between the two sides, these

were facts to be given great weight in British

calculations; they seem

they seem to have been underestimated or

discounted. The public nature of the first British

approach made dignified retreat hard for both sides. The

British objectives remained throughout unrealistically

high. And, given the clear prospect of damage to the

colony flowing from unilateral action, it will be hard to

explain British resort to it except on the basis of a

determined refusal to believe that the Chinese meant what

they said. How otherwise could a government putting Hong

Kong's interests

interests first make the move? It will seem a

puzzling as well as a fatal decision.

Bismarck in a

reflective mood once used a fine

image to

to illustrate the limits on

statesmanship. He

pictured the powers travelling on

on the stream of time,

which they can neither create nor direct, but on which they

can steer with more or less skill and experience. The key

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