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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who started this subject	7/13/2001 5:56:13 PM
From: EnricoPalazzo	Read Replies (3) of 54805

Somewhat OT: The "financial page" of this week's New Yorker has a very interesting article on China. The gist of it is that since Marco Polo, westerners have looked towards China as a vast, supple market waiting to get penetrated. The trouble is, this has never happened. It's basically a myth, inspired by our weird orientalist obsession with dominating China. China has 1.3 billion people, but 900 million are rural peasants, and 100 million rural day-laborers. Maybe Coca Cola and CDMA2000 aren't among their biggest concerns. This leaves a 300 million person populace, and one which is on average far less wealthy than western europe (even after excluding the peasants). I'd recommend reading it the next time you're in a bookstore. Maybe banking on China isn't such a shrewd idea...

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