TNAG-1745-FCO40-2464-Visits-by-FCO-officials-to-Hong-Kong--including-visit-by-Lor-1988 — Page 71

SECRET

031663

MDLIAN 0913

RECOGNITION THAT THE CHINESE HAD SHOWN OF THEIR RESPONSIBILITY FOR MAINTAINING CONFIDENCE AS A MEANS OF SLOWING DOWN EMIGRATION.

19.

MEMBERS REPORTED THAT THERE WERE SIGNS THAT, AS PART OF THEIR GENERAL POLICY ON DIVERSIFICATION, THE JAPANESE WERE NOW MOVING IN FORCE INTO INVESTMENT IN SOUTH CHINA. FOR THE FIRST TIME, HONG KONG BUSINESSMEN WERE LIKELY TO EXPERIENCE SERIOUS COMPETITION IN THIS FIELD. THIS COULD HAVE IMPLICATIONS FOR THE DEVELOPMENT OF THE HONG KONG ECONOMY.

20. THE MEETING LASTED A TOTAL OF 1 HOURS 15 MINUTES.

WILSON

YYYY

DISTRIBUTION

58

ΜΑΙΝ

57

.HONG KONG AGREEMENT

·

(RESTRICTED)

LIMITED

HKD

HD/FED

RESEARCH (FE)

PS

PS/LORD GLENARTHUR PS/MR EGGAR

PS/PUS

MR MCLAREN

MR GILLMORE

PUSD

ADDITIONAL

1

MR FIFOOT, LEGAL ADVISERS

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