Commercial
UNCLASSIFIED
- Current economic boom should be exploited by UK companies.
Enthusiasm of Mr Needham (3 visits in 6 months). China imported
goods worth over US $70 billion in 1992 comparable to
Switzerland or Singapore or Brazil or Mexico combined.
બ
- 1992 export figures not yet available.
Likely to be 15-20% up
on 1991 but not good enough.
October CBTG mission led by Lord Prior and Mr Needham went well (generated over £70 million of business). Next major CBTG
mission in May.
- Decisions on further ATP/Concessional Finance Arrangement
remain held up for several reasons inter alia public expenditure
constraints and state of bilateral relations. But decisions to
support British trade for Canton (Guangzhou) metro rolling stock
likely soon.
spknotes5193
UNCLASSIFIED
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