This is not entirely true. I have had a handful if items that don't have the British Crown Colony printed along with the Hong Kong. Items that are DEFINITELY not post 1997. Also, fully fashioned is a term that I see with alot on 50's and 60's labels too. Not to say that this is solely the case, but I have never seen that term used on anything contemporary.
This being said, I also thought that the shoulders looked full but thought that it was just due to the camera shot. Would be curious about that. The tag still doesn't look 80's to me though... will keep an eye on this thread for sure.