Ningbo Steelworks
[Defensive]
We cannot provide an aid grant to support this very large project. [If pressed
ressed we have indicated to the Chinese Government that we are willing to explore other ways of expressing our support on small scale. No response
yet.
Background
Sir Y K Pao, who comes from Ningbo, is promoting this project (estimated cost £1 billion). He was told in 1986 by the Prime Minister and other Ministers that we cannot provide ATP. The minimum grant allowed under OECD concensus rules would be about £250m. The Embassy told the Chinese this in January, but said that we might consider funding a small separate project in the region if it could be done without breaching international obligations. There has been no response.
Page 60Page 61
No comments yet.
Private notes are available after approval.