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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: BubbaFred who wrote (56550)11/27/2004 12:14:05 PM
From: RealMuLan  Read Replies (2) of 74559
 
And the Maglev bet. Shanghai and Hangzhou will use Germany technology, not Japanese<g> one. Everywhere I went on the Internet, Chinese are celebrating<g> for this.

And separate news, here is Chinese Foreign Minister Li Zhaoxing's answer to Japanese comment that Tokyo will stop its flow of economic aid. Li really wins a lot of Chinese respect.

"The Chinese people need only rely on their own strength, wisdom, determination and confidence to build their own country," Li told reporters on the sidelines of an Association of South East Asian Nations (ASEAN) summit in the Laos capital.

However, careful not to offend other donors, Li added that China also benefitted from "help from our friends".

Japanese Foreign Minister Nobutaka Machimura was quoted as saying on Friday that Japan should stop economic aid to China in the near future because of the latter's robust economic growth."
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