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Strategies & Market Trends : HONG KONG

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To: gordon who wrote (1124)	1/18/1998 9:58:00 PM
From: ----------	of 2951

Gordon: Your thoughts are very interesting. We must both be smart guys, because I agree with what you say. <g> In the long run, this entire currency crisis may actually help China/HK. The Chinese are very quick to learn, and to apply what they learn. They have seen the devastation rampant foreign borrowing can cause. They may be cautious about lowering interest rates, but there is a BIG difference between cautious wisdom and cautious fear. There is an internet page that gives periodic economic satistics on the Chinese economy. As you say, they are running a surplus. Their biggest buyer is still the U.S. The U.S. will continue to buy from China and build in China, as well as continue to form joint ventures with Chinese companies. Many studies have shown who the major economic power will be in the next century. We Americans want to be on a good working releationship with the new #1. Doug

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