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W(B)L 51-7406
a) Unlike suuntries such as Taiwan and South Korea,
Hong Kong cannot fall back on agriculture to provide
a subsistance economy for its people in the event
that her export trade should decline.
b) About 100,000 new jobs will have to be provided
each year for school leavers coming into the employment
market; to make this possible an annual increase of
15 per cent in exports is estimated as the minimum sequimal
to give the expansion in industry necessary
to provide these additional jobs.
c; Should large-scale unemployment be caused in the
Colony as the result of falling exports occasioned
Intimuatorial
by Hong Kong goods being priced out of AMCISERER)
markets by being denied Generalised Preferences,
might well susue
kad civil disturbances which could
impel the Chinese Peoples' Government to intervehe
in the affairs of the Colony with far reaching
effects on the stability of the Far East
B.
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