CONFIDENTIAL
133032
MDHIAN 8272
private sources are that the CPG, on the public record, inevitably must attack this year's Policy Address in robust language. But the CPG's internal assessment will be more measured, with some recognition that I indulged in no polemics and emphasised the positive side of the China relationship.
10. Those in the know on the stockmarket appear to be betting on a balanced CPG judgement. During this week, the market has risen by 4.75 percent to 8041 at yesterday's close. During the course of my speech alone, it rose by 80 points. This has also spiked the guns of the Cassandras in the business community.
11.
PATTEN
So far, so good; but choppy waters no doubt
A
ahead.
YYYY
ΜΑΙΝ
57
DISTRIBUTION
64
.HK POLICY
HKD
PUSD
FED
LEGAL ADVISERS//MS BARRETT LEGAL ADVISERS//MISS BROOKS
NEWS D
NTCD
PLANNERS
RAD
PS
PS/MR GOODLAD
SIR J COLES
MR HUM
ADDITIONAL
CAOFF//SIR R BRAITHWAITE (DIO)
CAOFF//MISS NEVILLE-JONES
CAOFF//MR SIBSON
PS NO 10.
NNNN
PAGE 3 CONFIDENTIAL