In giving we receive

According to Time Magazine of October 17, 1986, her Majesty Queen Elizabeth II had long voiced a desire to visit the People’s Republic of China. But as long as Britain ruled a piece of Chinese territory, the crown colony of Hong Kong, such a journey was impossible. The 1984 Sino-British agreement returning Hong Kong to China in 1997 provided the price of admission (p. 22).

Returning Hong Kong to the mainland was no easy task, for it amounted to losing a jewel from the British Crown, but it was clear that the British Monarch’s desire to visit China was not unconnected with Britain’s avidity for trade with that country and, obviously, the ensuing gains would be immense. Relations between Britain and China had been uneasy over the last hundred years. However, with the Queen’s historic visit—the first ever made to China by a member of a British Royal family—the gates to trade were thrown open. A successful piece of diplomacy paved the way to an annual trade agreement of over one and a half billion dollars.

The crown may have lost a jewel, but the subsequent benefits will be enormous. Clearly, we have to give in order to take. That is the way of the world.