C-Cube Message Board - Msg: 2838739

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube

CUBE 37.23

-0.3%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Helios who wrote (25866)	11/29/1997 8:53:00 PM
From: BillyG	of 50808

China is different from the others.................... For now, Lardy and others say, China appears to be well-insulated against the shocks that have hit the rest of Asia in the past month. China's currency is not convertible, so people cannot withdraw their money at will and cannot bet against it on currency markets. Moreover, most of China's investment is direct investment in real estate and factories, and most of those companies are here for the long haul. China's $116 billion in external debt is mostly long-term. In addition, China is holding about $130 billion in reserves, a powerful war chest for fending off speculators who might try to rattle China by attacking the currency of Beijing's recently retrieved jewel, Hong Kong. Nonetheless, investor concerns have rattled Chinese and Hong Kong markets this week. Shares of Chinese companies on the Shanghai and Shenzhen exchanges tumbled to new lows for the year. The Hong Kong exchange's index of "red chip" companies connected to China sank to less than half its peak just five months ago.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next