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HONG KONG:
PRESS SUMMARY
BRITISH PRESS
WEDNESDAY, 21 SEPTEMBER 1983
THE FUTURE
ре
12/9.
B
attached
1. The Times, Financial Times, Telegraph, Guardian, Mail, Morning Star and International Herald Tribune all carry reports of an article which appeared in yesterday's 'People's Daily' under the headline
'China Recovering Sovereignty over Hong Kong is entirely consistent with International Law'. A summary of the article is attached.
2. The International Herald Tribune observes that Diplomats in Peking see the article as a further sign that the two sides are still far apart and believe that the atmosphere has become increasingly sour in recent weeks.
3.
The Times carries an article headed 'Trumping the China Card' which argues that Britain's bargaining position over Hong Kong remains much stronger than is generally realised and that both sides have much to gain if Britain takes a tougher line with Peking.
HONG KONG DOLLAR
4.
The Financial Times, Guardian and International Herald Tribune attribute the sharp fall in the value of the Hong Kong Dollar to continued nervousness over the Future.
HONG KONG PRESS
5. A summary is attached
THE FUTURE
6. All left-wing newspapers reprinted in full the 'People's Daily' article. 'The Express' saw the article as the fiercest attack on Britain since 1967.
THE HONG KONG DOLLAR
7.
1
'Ming Pao saw the continued depreciation of the Hong Kong Dollar as a more immediate and more difficult problem than the Future and urged Britain and China to co-operate in a friendly manner to stabilise the Hong Kong Dollar. It hoped that the present talks would result in a joint statement which reaffirmed the two sides commitment not only to long-term stability and prosperity but also to co-operation to stabilise the Hong Kong Dollar.
Distribution
PS
PS/Lady Young
PS/Mr Luce
PS/PUS
FED
Mr Clift Mr Morris
Mr Giffard
Mr Donald
MICK040/2
RECEIVED IN WEGISTRY
22 SEP 1983
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