TNAG-1372-FCO40-1818-Ministerial-visits-from-the-UK-to-Hong-Kong-1985 — Page 27

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MR RENTON'S VISIT TO HONG KONG (27 31 OCTOBER 1985)

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5.

HONG KONG ECONOMY

Points to Make in Public and to Hong Kong Government Officials

1.

Confidence clearly re-established

following signing of

Agreement.

appears to be only temporary setback and generally the

Hong Kong economy is performing well. Revised estimates of

1985 growth still very respectable in comparison to other major

Recent downturn in level of domestic exports

economies.

2.

Aware of your

your worries about clamour for protectionist

policies, particularly in the United States. Doing all we can

to help Hong Kong. Mr Brittan raising Hong Kong worries during

current visit to Washington.