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Strategies & Market Trends : Greater China Junior Stocks

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To: Julius Wong who started this subject	10/27/2003 11:22:00 PM
From: Condor	of 1992

From the World Gold Councils Daily Gold Market Commentary Monday, October 27 2003 excerpt: The People’s Bank of China’s quarterly report, released today, echoes the comment made by President Hu to President Bush ten days ago, and by the central bank governor earlier today, in that it underlines the government’s belief that stable yuan is important for the economic stability of the Asia region and for the rest of the world. The report did imply that the government will continue to study the liberalisation of controls over the currency. China’s GDP growth in the first nine months of this year was an annualised 8.5%, while broad money supply is expected to overshoot the 16% target this year and reach 20%, a factor that is raising fears in some quarters of economic overheating. gold.org

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