CONFIDENTIAL
FROM: J DI BOYD
58
9/3
DATE: 3 MARCH 1987
Подвой
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Mr Gillmore
CHINA INTERNAL
1.
It may just be worth recording that Mr Pemberton of Cable and Wireless, just back from China and Hong Kong, told me over lunch today that:
2.
(a) Cable and Wireless had detected absolutely
no difference in the bearing of their Chinese partners towards them following the fall of Hu Yaobang. Mr Pemberton's business partners in Guangdong had gone out of their way to reassure him: they wanted to carry on just as before.
(b) To his eye there was no deterioration of the
mood in Hong Kong. The Stock Market was doing fine. People were curious about the situation in China but not fundamentally worried.
Mr Pemberton added for good measure that he regarded the Green Paper exercise as inevitable but not likely to be mortal. Hong Kong would get through 1987 okay. Economic
| factors would outweigh political ones. The economy was doing
well and the budget had been received as excellent.
3.
Also, for what it is worth, Mr Pemberton briefed me on C & W's current battles with BT and others in Hong Kong. The story is well known and not worth recording. He was pleased with Yaxley's statement on the future of the telephone franchise.
Нивого Hub 0201!
16 MAR 1907
JD Boyd
Mr Him
Kur
Сс
Masefield Mclar
luvenooking.
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waniend
63
What
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in so far
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is hars
•
CONFIDENTIAL
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