TNAG-1845-FCO40-2620-House-of-Commons-Select-Committee-on-Foreign-Affairs-enquiry-1989 — Page 103

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separateness on economic matters is a crucial element for the of the future SAR.

SUCCESS

0:

He

This

is 25 successiel

which provokes one final question. throughout ve seen

history, if you have one extremely RORY adjacent to one that's not unsuccessful but let's

then the more successful economy acts successful, would that be, over a period of time. regarded in Beijing?

Governor:

ensure

that

in

partner

and also

23

a

gay less How

magnet.

and

On

foreign

1 think that Peking is determined to

work. that the arrangements for the future of Hong Kong means. amongst other things, that the Hong Kong economy goes

moment. It does efficient and effective as it is at the being as contribute very greatly to the mainland of China. It is to my mind, an is astonishing fact that Hong Kong. which is a tiny little territory,

trading main

all China's

of that

the

investment

China from whatever source, some 60 per cant of that comes from Hong Kong. I find myself visiting provinces near Hong Kong

and like Guangdong

Fujian

that last

for their investmORT, modernisation programme. Hong Kong is crucial in terms of

terme of a point through which they can communicate. goods can

terms An sometimes in, and

of manacsRSAT people can come

I believe, expertise. So there is a very close relationship.

of the

and the Hong Kong econory

whole Succes9 modernisation of the southern part in the coastal strip of which the Chinese attach so much importance.

in

out.

the

Over

the

Yaar,

process China

Q:

So the border is vanishing?

Governor:

In

sense

investment,

that a'

-he

of one sense, in an economic expertise going across that border, and in the other sense great deal of Hong Kong's manufacturing industry has now moved the border into Guangdong so that some one-and-a-half or two million which people are employed in Guangdong alone by Hong Kong enterprise is more than the whole of Hong Kong's manufacturing industry, In

the economic success other sense. the border is not vanishing and Hong Kong depends very closely on the border not having its own set of economy policies, its own currency

in there being a very convertible currency border between Hong Kong and the rest of China.

0:

L

vanishing.

in

clear cut

freely economic

Could we move on to the Basic Law and the human aspects, which obviously we are very closely concerned.

right

0:

Are you satisfied by the provisions

on

human

14