RESTRICTED
FM PEKING
TO ROUTINE F CO
TELNO 1497
OF 100415Z AUGUST 89
INFO ROUTINE HONG KONG
RESTRICTED
HKC 090/2
015756
MDLIAN 2270
ہے
TOP COPY Q DIST ?
HONG KONG ECONOMIC PROSPECTS.
1. IN CONTINUATION OF THE POLICY OF SELECTING UP-BEAT ECONOMIC NEWS FROM HONG KONG, XINHUA ON 8 AUGUST QUOTED A REPORT BY THE JAPANESE ECONOMIC RESEARCH GROUP, NOMURA, THAT, DESPITE RECENT EVENTS IN CHINA, THE OUTLOOK FOR HONG KONG IS BETTER THAN IN 1982-1984, BEFORE THE SIGNING OF THE JOINT DECLARATION.
2. XINHUA REPORTS THAT ALTHOUGH IT RECOGNIZED CONFIDENCE HAD BEEN AFFECTED IN THE SHORT TERM, THE GROUP BELIEVES THAT A MORE POSITIVE ATTITUDE WOULD RETURN WITH TIME THANKS TO THE PEGGED EXCHANGE RATE, A CLEAR ATTITUDE FROM CHINA ON HONG KONG'S FUTURE AND THE
INCREASED
DONALD.
INTERNATIONAL FOCUS ON THE HONG KONG-CHINA SITUATION.
YYYY
DISTRIBUTION
70
MAIN
67
.HONG KONG AGREEMENT
. (RESTRICTED)
LIMITED
HKD
HD/FED
RESEARCH (FE)
PUSD
NEWS D
ECON ADVISERS
ERD
PS/MR MAUDE
PS/LORD BRABAZON
MR GILLMORE
MR MCLAREN
ADDITIONAL
3
MR FIFOOT HKD
MR EDWARDS LEGAL ADV
MR WHOMERSLEY LEGAL ADV
NNNN
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