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have discussed the China market
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and their companies are
14.
engaged in other markets too - find the Chinese
generally honour their contracts and are not unduly slow or
bureaucratic. In Build Operate and Tranfer projects they are
ahead of most countries. A top executive of a major
multinational told me he liked to do business with China as
it was
run like a multinational ie a vision expressed by the
leadership, devolution to the regions, and a success rate at
meeting targets second to none.
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45. Macao is in some aspects ahead of Hong Kong, especially
in its economic integration into the Pearl River delta. Too
many maps on the walls of Hong Kong offices show the Territory
as the universe and the Gobi desert beginning over the present
border. The Chinese over there are not a different species. Our great companies and most Hong Kong businesses have learned
to work with them.
46. As for the amazing phenomenon that is Hong Kong, the
lessons it offers are almost unlimited, and they are not new.
As Hong Kong overtakes Britain in per capita income
let us hope more questions will be asked by those British at
home who could do as well as their compatriots in the
territory. The answers lie within them. Enterprise was once
our theme.
47. The principles laid down by Cabot are probably as
valid now as they were in 1553 when he despatched the Merchant
Adventurers to places unknown and I attach these at Annex B.
Conclusion
48.
News from Serbia, Southern Lebanon and Iraq offer daily
reminders of the difficulty of dismantling great empires. The
process begun by Lord Mountbatten in India should be seen by
future historians as Britain's greatest achievement.
mistakes were few in relation to the successes.
The
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