TNAG-2749-FCO40-3964-Economic-situation-in-Hong-Kong-1993 — Page 113

I

HKB 090/1

RECE

DESK

INDEX

06

*GISTRY

1993

PA

CONFIDENTIAL

REGISTRY Action Taken

en 10/3

на

Hay hay Game

From:

CO Hum

Date:

16 July 1993

CC:

Mr Man's

Mr Whily1013.

- We spoke

Mr

Ricketts

16/7

Sir J Coles Mr Broadbent,

Chief Economic Adviser

Mr Fry, FED Mr Wye, RAD

CHINESE ECONOMY: WILL HONG KONG FEEL THE HEAT?

1.

Thank you for your minute of 14 July (not copied to the Economic Advisers). Like you, I found the Hong Kong telegram a little over-sanguine, and I agree that it would be helpful to administer a tactful corrective when an opportunity arises.

2.

I was interested to read the observations of the Economic Advisers, quoted in your minute, about the chances that current economic and financial measures in China can lead to a soft landing.

3.

I understand that the Economic Advisers have also made a major contribution to a JIC paper on the new Chinese economic measures which is shortly to appear: Mr Broadbent has one or two supplementary thoughts, on which he will be minuting. I hope that the Economic Advisers can continue to monitor closely the

implementation of the new measures in China, with a view to updating their assessment once the effects begin to work through into the real economy.

сбори

CO Hum

CONFIDENTIAL

33