TNAG-2608-FCO40-3799-International-support-from-the-USA-regarding-the-future-of-H-1992 — Page 68

STATEMENT BY

RICHARD H. SOLOMON

ASSISTANT SECRETARY

итсенко,но @Š Bradley Manglang,

BUREAU OF EAST ASIAN AND PACIFIC AFFAIRS BEFORE THE SENATE FOREIGN RELATIONS COMMITTEE SUBCOMMITTEE ON EAST ASIAN AND PACIFIC AFFAIRS

APRIL 2, 1992

2.

CHAIRMAN CRANSTON, SENATOR MURKOWSKI AND MEMBERS OF THE

SUBCOMMITTEE:

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Us | Majky.

THANK YOU FOR THE OPPORTUNITY TO APPEAR BEFORE YOU TODAY TO

I HAVE JUST RETURNED DISCUSS U.S. POLICY TOWARDS HONG KONG. FROM A VISIT TO HONG KONG DURING WHICH I HAD THE OPPORTUNITY TO MEET WITH GOVERNOR WILSON, MEMBERS OF THE LEGISLATIVE COUNCIL

I CAN TELL YOU THAT AND KEY BUSINESS AND COMMUNITY LEADERS. CONFIDENCE IN THE TERRITORY IS HIGH AND THAT PEOPLE THERE ARE KEENLY INTERESTED IN OUR DELIBERATIONS HERE TODAY.

HONG KONG IS

LET ME ADD THAT AS A FORMER RESIDENT OF THE TERRITORY AND AS A CHINA HAND FOR MORE THAN THREE DECADES, THE FUTURE OF HONG

KONG IS A SUBJECT OF GREAT PERSONAL INTEREST. PERHAPS THE WORLD'S MOST DRAMATIC EXAMPLE OF FREE ENTERPRISE: ITS CONSIDERABLE SUCCESS TESTIFIES TO THE RESULTS THAT FREE

HONG KONG IS MARKETS, HUMAN ENERGY AND DISCIPLINE CAN PRODUCE. NOW AN ENGINE OF THE REMARKABLE GROWTH TRANSFORMING THE ECONOMY OF SOUTHERN CHINA. I WOULD ALSO NOTE THAT HONG KONG'S FATE POST-1997 WILL BE A MEASURE OF CHINA'S OWN REFORM EFFORTS AND OF ITS RELATIONSHIP TO THE INTERNATIONAL ECONOMIC AND POLITICAL

SYSTEM.