FAR EAST UPDATE
UNANSWERED QUESTIONS
by Alan Thorpe, international editor
The main question on most peo-
ple's minds in Southeast Asia is
how Hong Kong will fare once the
British colony is transferred back
to mainland Chinese control. This
subject has been further complicat-
ed by the death of China's leader,
Deng Xiaoping. Visiting Hong
Kong, it is clear that the majority
of business people, including both
Chinese and foreigners, believe
that little change will occur. Initial
thoughts are that Mr. Deng's
death will not affect the future
that much, although the attitude
towards Hong Kong may become
even more conservative under the
country's new leader, Jiang
Zemin, if he manages to survive Pictured is the new 16,000-ton lifting capacity floating dock at Pan United Shipyard. The floating
dock measures 615 x 120-ft. (187.5 x 36.5-m), and is able to dock vessels up to 50,000 dwt.
the leadership under a possible
threat from either Premier Li
Peng or head of Parliament, Qiao
Shi.
Meanwhile, in Hong Kong, the
shipping industry is hoping that
the appointment of C.H. Tung, son
of C.Y. Tung, as leader from July
will be a blessing for the industry
as he is a "shipping man."
The two shipyards in Hong Kong
— Hongkong United Dockyard
(HUD) and Yiu Luan Dockyard —
have both undertaken reorganiza-
tion programs to concentrate on
the larger containership market,
and move away from the smaller
ship repair market, which is
increasingly looking to the cheaper
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