TNAG-2493-FCO40-3625-Future-of-Hong-Kong-constitutional-development-Chinese-reac-1992 — Page 97

GF 323

CONTIDENTIAL

25

THE

1992

in

the

face

of

CPG

hostility.

Nevertheless,

The beller

persists that in

tycoons

"capitalist" Hong Kong, nervous

eventually will compel HKG to change course.

There is

also

widespread belief that the UK

has more to lose economically than the PRC

from

confrontation

package.

(d)

In

practice,

over

the

constitutional

only

when the CPG escalates its

pressure (as described in paragraphs 23 and 25

above)

danger.

Will PRC interests be in significant

Guangdong and other provincial

administrations, together wich

PRC

scate

enterprises, may then start to display alarm.

(e)

20

this point, the CPG may decide not to push

che limits Land, thus, ここ

confrontation

follow

mited strategy similar to 1989-20,

when economic damage to Hong Kong would have

been costly to the PRC).

endence?

(f)

However, the airport

is

likely to remain a

focus for OPG pressure, especially since some

local business

interests (property developers

in

particular)

proceed rapidly.

not

wish the project to

CONFIDENTIAL

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