Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.88

-0.5%

3:59 PM EST

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To: limtex who wrote (6188)	7/28/1999 11:56:00 AM
From: RealMuLan	Read Replies (1) of 29987

<<Still I asked him how many rich people there are in China. >> This really depends on what is your definition of "Rich"? And also it would help if you tell me what kind of households here in the US do you consider as "rich", specifically, in terms of household disposable income? In terms of entrepreneurs, yes, a lot of Chinese like to have their own business, especially people from south part of China. Take a look at all the business in Southeast Asia, you have an idea. Even if here in Silicon Valley, you can see a quite a number of recent Chinese immigrants set up their own business. Here is a report on that. ppic.org As for the number of Mobile phones in China, I think the latest available figure (in June) is 18 million cell phones (1998 alone, had 6 millions or so new users), and majority of them in big cities. So maybe the future hottest spot will be in rural areas in China.

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