TNAG-2752-FCO40-3967-Organisation-for-Economic-Co-operation-and-Development-(OECD-1994 — Page 262

RESTRICTED

ADVANCE COPY

114515

MDADAN 0085

RESTRICTED

FM PEKING

麻HKB

HKB 091/3

RECEIVED IN REGISTRY

TO DESKBY 26090OZ FCO

30 MAR 1993,

TELNO 433

OF 260752Z MARCH 93

DESK OFFICER INDEX

REGISTRY

шра

Action Taken

AND TO PRIORITY HONG KONG

INFO IMMEDIATE UKDEL OECD

PA 2613

Hd Bardh

Mas Mr White

abreedy feel his minke? If no, pl

feed His in

FCO TELNO 284 TO HONG KONG AND HONG KONG TELNO 477 TO FCO: PROPOSED STUDY ON CHINA'S FUTURE OUTLOOK AND THE HONG KONG DOLLAR

1. WE BELIEVE THE CHINESE MIGHT SHARE THE CONCERNS OUTLINED IN

SECOND TUR ABOUT DISCUSSION OF THE LINKED EXCHANGE RATE IN HONG KONG.

2. ON THE OTHER HAND WE SHARE HONG KONG'S VIEW THAT A BROADER STUDY INVOLVING HONG KONG'S ROLE IN CHINA'S ECONOMIC DEVELOPMENT WOULD BE LESS SENSITIVE. THE ECONOMIC RELATIONSHIP OF HONG KONG

AND CHINA IS SOMETHING WHICH THE PRC AUTHORITIES REGARD AS CRUCIAL

TO CHINA'S DEVELOPMENT AND THEY DO NOT SEEK TO PLAY IT DOWN. THEY HAVE TO DATE SHOWN THEMSELVES RECEPTIVE TO CONSTRUCTIVE CRITICISM BY MULILATERAL ECONOMIC AGENCIES SUCH AS THE IMF AND WORLD BANK AND

COULD BE EXPECTED TO TAKE THIS REPORT IN THE SAME SPIRIT.

MCLAREN

YYYY

ADVANCE

HKD //HD FED//HD

NNNN

4

DISTRIBUTION

4

ERD//HD

.ODA/MR S CHAKRABARTI

PAGE

1

RESTRICTED