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Strategies & Market Trends : Asia Forum
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To: Thomas M. who wrote (9387)10/6/1999 2:21:00 PM
From: Robert Douglas  Read Replies (2) of 9980
 
Tom,

"... it is interesting to note that China, which maintained in 1998 that foreign direct investments were rising, recently admitted that they had fallen from over US$45 billion in 1997 to US$30 billion in 1998."

Why do you find this so interesting?

The essay your quote is taken from was written on May 3 of 1999 which, by my counting, is barely 4 months from 1998. Even the United States, whose statistical gathering methods are greatly superior, has trouble collecting numbers on direct foreign investment. It is a notoriously difficult number to compile and is easily revised. So why does it bother you so that China admitted that their numbers slipped from a positive $45 billion in 1997 to a positive $30 billion in 1998? Even if they had been expecting a rise in this number, the results can hardly be characterized as disastrous. The author tries to make this sound sinister or perhaps ominous. I find it to be neither.

-Robert
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