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Strategies & Market Trends : Asia Forum
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To: DMaA who wrote (2138)2/14/1998 10:56:00 AM
From: Mohan Marette   of 9980
 
David: One reason why the Chinese devaluation at this point in time will be bad is because this might create another round of panic and devaluation in other S.E.Countries to keep up with the Chinese,sort of like a vicious circle thing, as these countries heavily depends on their exports.Then the big question will be where will this 'devaluation' end? There are other repercussions as well,both economic and social but the one mentioned above seems to be the primary concern,at least from what I can tell.
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