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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

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To: John Hunt who wrote (32033)	11/9/1999 6:59:00 AM
From: long-gone	Read Replies (1) of 116768

China May Shut Down Banks And Cash Machines To Avoid Y2K Troubles Nov 8, 1999 -- (Agence France Presse) China is considering shutting down its banks and cash machines on December 31, the eve of the new millennium, to avoid any potential problems, banking industry officials revealed Monday. The country's central bank, People's Bank of China (PBOC), plans to shut down all banks and cash machines in China if the central government approves its request to turn December 31 into a public holiday, a PBOC spokesman said. Chen Jing, director general of the PBOC's department of payment, science and technology, denied the closures were planned to avoid a bank run.(cont) invest.insidechina.com

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