XN000022-1990-10-11 — Page 2

THURSDAY, OCTOBER 11, 1990

1

CHAU WELCOMED U.S. TEXTILES BILL OUT OF THE WAY

*

TODAY (THURSDAY)

THE DIRECTOR-GENERAL OF TRADE, MR T.H. CHAU, SAID HE WAS GLAD THAT THE UNITED STATES TEXTILES BILL IS THE WAY.

NOW OUT OF

HOUSE OF REPRESENTATIVES'

THE PRESIDENT'S

MR CHAU WAS COMMENTING ON THE U.S. VOTE YESTERDAY (OCTOBER 10) WHICH FAILED TO OVERRIDE PRIOR VETO OF THE BILL.

SEVEN ABSTENTIONS.

THE VOTE WAS 275 FOR AND 152 AGAINST, WITH THIS FELL SHORT OF THE TWO-THIRDS MARGIN NECESSARY FOR THE OVERRIDE.

**

"THIS IS THE THIRD TIME THAT A PRESIDENT'S VETO ON BILL HAS BEEN SUSTAINED, MR CHAU SAID.

A TEXTILES

THE

"THE MESSAGE IS CLEAR: AGAINST SUCH PROTECTIONIST LEGISLATION. THIS IS WELCOME NEWS, WILL CONTINUE TO WATCH CLOSELY DEVELOPMENTS IN THE U.S.

14 HE ADDED.

U.S.

ADMINISTRATION

IS

STRONGLY

BUT

WE

AMERICANS TOLD OF HK'S IMPORTANCE TO CHINA

AMERICAN CHINA AND

STUDENTS AND FACULTY MEMBERS OF TWO TOP HAVE BEEN BRIEFED ON HONG KONG'S LINKS WITH IMPORTANCE TO CHINA'S ECONOMY.

UNIVERSITIES ITS ECONOMIC

HAD OCCURRED TIME WHEN CHINA

THEY WERE ALSO TOLD OF THE POLITICAL EVENTS THAT AND WOULD CONTINUE OVER THE NEXT SEVEN YEARS TO THE WOULD RESUME SOVEREIGNTY OVER HONG KONG IN 1997.

SPEAKING AT COLUMBIA

UNIVERSITY

IN NEW

YORK AND PRINCETON

UNIVERSITY IN NEW JERSEY, DEPUTY SECRETARY FOR CONSTITUTIONAL AFFAIRS, LAST MR DARWIN CHEN, TOLD THEM THAT CHINA'S SPECTACULAR GROWTH IN THE DECADE COULD NOT HAVE BEEN POSSIBLE WITHOUT HONG KONG.

THE REASON MR CHEN SAID WAS THAT SOME FOREIGN EXCHANGE EARNINGS AND TWO-THIRDS OF CAME THROUGH HONG KONG.

30 PERCENT OF CHINA'S ITS FOREIGN INVESTMENTS

DECLARATION AND AND POLITICAL

MR CHEN ALSO SPOKE ABOUT THE JOINT TO THE GROUPS, AMONG WHOM WERE ALSO LAWYERS THE KEY ELEMENTS OF THE AGREEMENT BETWEEN BRITAIN AND CHINA KONG'S FUTURE.

EXPLAINED ANALYSTS,

ON HONG

/HE TOLD