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2.
that changes might be made there too to counteract, or conceivably reinforce, political trends thrown up by the election.
He
4. The Anglo/Chinese negotiations on 1997 are naturally of dominant concern to Macao whose fate will be largely dictated by what emerges for Hong Kong. Stanley Ho, the most powerful Hong Kong entrepreneur active in Macao, confided to me recently his pessimism on this subject. deplores the prospect of the passing of British administration in Hong Kong and believes that the recent constitutional conflict in Macao will only accelerate the process of Chinese formal annexation / He is dispirited by his own experience of joint ventures in China and is unlikely to favour a more forward cooperative posture with the Chinese in Macao itself. One can only assume that, against this background, he will cease to put any more capital into Hong Kong than is necessary to safeguard his existing investments.
5. The prevailing view in Macao is not, I think, as pessimistic as Stanley Ho's. Roque Choi, a level-headed Macao Chinese who is Vice-President of the Chamber of Commerce, told me that he did not expect the mainland Chinese to move in until 1997. He was advising his friends to put a bold face on the eventual end of Portuguese administration but to prepare themselves for harder times and to make appropriate dispositions. Sound advice.
Your Ener
Chriction Adamus
CCW Adams
Encl.
c.c. M Elliott Esq, FED
R D Clift Esq CMG, HKD P Thompson Esq, Peking
CONFIDENTIAL
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