CONFIDENTIAL
Redacted under FOI exemption section 27 (1)
HKB 18212
(32)
(195
111203 HIAN 5764
TOP COPY Q DIST?
CONFIDENTIAL
FM PEKING
TO DESKBY 28050OZ HONG KONG
TELNO 49
OF 280343Z FEBRUARY 91
N
INFO IMMEDIATE F C 0, UKREP JLG HONG KONG
188
189
(90
191)
YOUR TELNOS 611-613 AND FCO TELNO 397 TO YOU: PADS : THE WAY
AHEAD.
2. THE AGENDA ALSO FAILS TO ADDRESS CHINESE CONCERNS THAT THE
FINANCIAL PROJECTIONS ARE OVER-OPTIMISTIC AT A TIME OF WORLD RECESSION AND EXTREMELY UNCERTAIN GLOBAL FUTURE. ONE WAY TO TACKLE THIS SHOULD THE CHINESE RAISE IT IS TO POINT OUT THE IMPORTANCE OF PADS, AND CLEAR CHINESE SUPPORT FOR IT, IN MAINTAINING BUSINESS CONFIDENCE. WE COULD STRESS TO THE CHINESE THAT WITHOUT REASONABLE BEHAVIOUR ON THEIR PART, THEIR CONCERNS ABOUT OVER-OPTIMISTIC PROJECTIONS WILL BECOME SELF-FULFILLING.
3. WE HAVE THE FOLLOWING COMMENTS ABOUT THE DEFENSIVE POINTS :
(A) PARA 2(B) : ARE THE INCREASES IN REAL TERMS? IF SO WE SHOULD SAY SO.
(B) PARA 2(C) AND (D) : WE SHOULD EXPLAIN WHAT ASSUMPTIONS ABOUT
CIVIL SERVANTS STAYING ON OR LEAVING UNDERLIE THESE FIGURES.
COATES YYYY
1
PAGE
CONFIDENTIAL
No comments yet.
Private notes are available after approval.