UNCLASSIFIED
FM HONG KONG
TO IMMEDIATE FCO
TELNO 1168
OF 161048Z JULY 93
UNCLASSIFIED
HKB
090/1
RECE
INGISTRY
C INDEX
22 ! 1993
PA
REGISTRY Action Taker..
Есте
Un Ecame
32
064611
MDHIAN 9154
TOP COPY
Q DIST?
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG, BTC HONG KONG
OUR TELNO 1 TO TOKYO: CHINESE OVERHEATING: IMPACT ON HONG KONG
1. A HONG KONG COMMERCIAL RADIO STATION HAS REPORTED COMMENTS ON THE HONG KONG ECONOMY BY STATE ECONOMIC AND TRADE COMMISSION VICE MINISTER, YU XIAOSONG. YU APPARENTLY SAID THAT CHINA HAD DECIDED TO SLOW DOWN INVESTMENT IN HONG KONG, AS AN ADDITIONAL MEASURE TO COOL THE CHINESE ECONOMY.
COMMENT
2. AS FAR AS WE KNOW, THIS IS THE FIRST TIME A CHINESE OFFICIAL HAS REFERRED IN PUBLIC TO ANTI-OVERHEATING PROVISIONS DIRECTLY AFFECTING HONG KONG. WE HAVE SO FAR DETECTED NO SIGN OF SUCH A POLICY BEING IMPLEMENTED. IF IT WERE TO BE SERIOUSLY CARRIED THROUGH, IT COULD BECOME A CAUSE FOR CONCERN. WE WOULD BE INTERESTED IN ANYTHING WHICH PEKING CAN PICK UP ON THIS NEW POLICY, OR ANY OTHER OVERHEATING MEASURE WITH AN EXPLICIT CONNECTION TO HONG KONG.
PATTEN
YYYY
ΜΑΙΝ
25
.HK FINANCIAL
.(DIALOGUE)
HKD
PUSD//HD
ECONOMIC ADVISERS//HD
ERD//HD
FED//HD
DISTRIBUTION
36
RAD//MR WYE
PS
PS/MR GOODLAD
PS/PUS
SIR J COLES
MR HUM
PAGE 1 UNCLASSIFIED
Page 120Page 121
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