§ 19. Mr. William Powellasked the Secretary of State for Trade and Industry if he will make a statement on trading prospects with China.
§ Mr. ChannonThere are good prospects for steady growth in our trade with China, which has substantially increased in the last two years.
§ Mr. PowellWill my right hon. Friend confirm that China will be able to benefit from the substantial increases in the soft loan facilities which the Secretary of State should be able to announce? When does he expect that such loans will become available for China?
§ Mr. ChannonWe have already told the Chinese Government that in principle we are prepared to offer soft loans for project business. We had preliminary talks with them, and it will not be long before some of them come to fruition.