TNAG-1621-FCO40-2235-Relations-between-Hong-Kong-and-China-1987 — Page 142

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EVERBRIGHT) TOLD ECONOMIC JOURNAL THAT THE DRIVE AGAINST

**BOURGEOIS LIBERALISATION'' WOULD NOT (NOT) HAVE A LONG TERM EFFECT ON BUSINESS ACTIVITIES IN HK. MING PAO ON 24 JANUARY QUOTED A REPRESENTATIVE OF THE FOREIGN INVESTMENT BUREAU OF MOFERT AS SAYING THAT THE CAMPAIGN AGAINST BOURGEOIS LIBERALISATION WOULD NOT (NOT) AFFECT FOREIGN INVESTMENT, PARTICULARLY BY HK BUSINESSMEN. THE DEPUTY SECRETARY-GENERAL OF SHENZHEN TOLD REPORTERS ON 25 JANUARY THAT RECENT PERSONNEL CHANGES WOULD NOT (NOT) AFFECT THE POLICY ON SEZS NOR THE OPEN-DOOR POLICY. TA KUNG PAO TOOK THE SAME LINE IN A SPECIAL ARTICLE ON 23 JANUARY.

5.

THE US CONSUL-GENERAL IN HK TOLD A PRESS CONFERENCE ON

22 JANUARY THAT THE RECENT CHANGES WERE NOT (NOT) EXPECTED TO SHAKE US INVESTORS' CONFIDENCE IN HK. THE JAPANESE CONSUL-GENERAL ON 24 JANUARY TOOK THE SAME LINE ABOUT JAPANESE INVESTMENT. BY CONTRAST, SCMP ON 23 JANUARY REPORTED THAT HOTELIERS, TRAVEL AGENTS AND CHINA TRADERS IN HK WERE BECOMING INCREASINGLY DISTURBED AS ''INDICATIONS OF A SLOWDOWN IN ECONOMIC REFORMS SURFACED IN HARDLINE PRESS REPORTS'', BUSINESSMEN INTERVIEWED BY THE PAPER IN RESPONSE TO WARNINGS AGAINST OVERHEATED CONSUMERISM IN CHINA AND CALLS FOR FRUGALITY SAID THEY WERE WORRIED THAT THEIR CHINA OPERATIONS WOULD BE HIT.

6.

THE DEPUTY CHIEF SECRETARY WAS QUOTED BY SCMP AS SAYING THAT RECENT DEVELOPMENTS IN CHINA WOULD NOT (NOT) ADVERSELY AFFECT WORK CURRENTLY BEING CARRIED OUT ON THE POLITICAL REVIEW. HE SAID

THAT CONCERN OVER RECENT EVENTS IN CHINA WAS WELL UNDERSTOOD AND APPRECIATED, BUT THE POSITION REGARDING THE REVIEW WAS QUITE CLEAR AND RECOGNISED AS SUCH BY PEKING: 1.E. WORK ON THE GREEN PAPER WAS ESSENTIALLY A MATTER CONCERNING THE INTERNAL ADMINISTRATION OF HK,

FOR WHICH HMG HAD ULTIMATE RESPONSIBILITY UNTIL 1997.

7.

BANKER AND LEGCO MEMBER DAVID LI BELIEVED THAT THE CHANGES

WOULD NOT (NOT) AFFECT CHINA'S OPEN POLICY AND ITS ECONOMIC AND

TRADE RELATIONS WITH HK. SIR S Y CHUNG ALSO TOLD THE PRESS THAT HE

DID NOT BELIEVE DEVELOPMENTS WOULD AFFECT THE IMPLEMENTATION OF

THE JD.

8.

ON 23 JANUARY STUDENT REPRESENTATIVES FROM THE CHINESE

UNIVERSITY OF HK PETITIONED NCNA TO PROTEST AGAINST THE SUPPRESSION

OF INTELLECTUALS IN THE CAMPAIGN AGAINST BOURGEOIS LIBERALISATION.

AT A SEMINAR ON 25 JANUARY JOURNALIST LEE YEE, AND T L TSIM OF THE

CHINESE UNIVERSITY SAID THAT THE ANTI-BOURGEOIS LIBERALISATION

CAMPAIGN AND HU'S RESIGNATION WOULD ERODE HK PEOPLE'S CONFIDENCE

IN THE ''ONE COUNTRY, TWO SYSTEMS'' CONCEPT, ALTHOUGH IT WOULD TAKE

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