Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (30952)	4/7/2003 9:14:03 AM
From: TobagoJack	Read Replies (1) of 74559

Hello CB, The wider investment community and domestic media (small papers, as in those read by real people) in China has also focused criticism on the poor transparency and ill handling of SARS by the PRC central and provincial governments, and apparently the powers that be has come down hard on the cadres responsible, basically noting "what did you think you have to gain by trying to hide the problem, and thereby taking responsibility for its worsening". My guess is heads will roll off shoulders, and that is often not a bad thing. As important lessons go, this may turn out to be a cheap education, although damage has been done to the economy, especially in small HK, not so much to big China. Thankfully the economy was not strong in HK to begin with and so a bit more of a tumble merely speeds up the arrival of full post-bubble market clearing. I am guessing that HK may see contraction of GDP for the year, and if so, bargains galore and loot aplenty. Chugs, Jay

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