of them jeopardize American interests and values? And, 3) What approach best promotes the welfare of the people of Hong Kong,
fosters American interests and values there, and recognizes
London's responsibility for affairs there prior to July 1, 1997 and Beijing's sovereignty thereafter?
The United states has compelling reasons to codify its Hong Kong policy, but to do so in a way that does not inflame an
Because the situation is delicate already delicate situation.
and rapidly-changing (in both the PRC and in Hong Kong), naximum flexibility in implementation needs to be maintained while Congress helps specify the broad approach and objectives of United States policy. To accomplish this, the full cooperation of the Legislative and Executive branches will be required.
Why Is Hong Kong Important to America?
In talking about Hong Kong, there are numerous statistics that show how economically important Hong Kong is to America: This city is our thirteenth largest trade partner; it takes three times the per capita inports from the United States that Japan takes and imports more than three times the quantity of goods from the United States as the Philippines (a country with more than ten tinas Hong Kong's population), it is home to over 900 American companies and $7 billion in American investment, dollar figure exceeded only by the PRC and Japan; about two- thirds of the PRC's exports to the United States come through the Territory; the United States supplied Hong Kong with 8.2% of its
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