CONFIDENTIAL
171411
MDHOAN 2509 >
Economic relations are mutually beneficial.
We note that China at present enjoys an annual trading surplus of pounds 500 million with the UK.
Discrimination against British firms would not be consistent with the EC/China Cooperation Agreement, or the spirit of China's GATT application.
- A mistake to think that discrimination against UK commercial and economic interests would bring about change of policy on Hong Kong.
(if raised)
Aware of report concerning Shandong power project being cancelled. Seeking confirmation.
(Canton Metro: if raised)
Disappointed that British companies did not secure the
rolling-stock contract. Still large number of contracts to be awarded in the project for which British companies are continuing to compete.
HURD
YYYY
MAIN
71
.HK COMMERCIAL GENERAL
DISTRIBUTION
84
HKD
PUSD
ECONOMIC ADVISERS
ERD
FED
JOINT DIRECTORATE
LEGAL ADVISERS//MS BROOKS
.AND MS BARRETT
NEWS D
PLANNERS
RAD
PS
PS/MR GOODLAD
PS/PUS
MR CROWE
SIR J COLES
MR HUM
MR BONE
MR MINGAY
ADDITIONAL 13
PAGE
2
CONFIDENTIAL