Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.00

-0.6%

Dec 16 3:59 PM EST

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To: Thomas M. who wrote (38289)	3/7/1998 6:34:00 PM
From: Tony Wang	Read Replies (3) of 61433

Not true. China has a different economy model than their asian brethrens. They also entered the capitalist road late and are aware of the mistakes the Thai's and Malay's and the Indonesian's made. Moreover, they have a vast pool of labor resource that is unmatched by anyone in the world. They have huge foreign currency reserves, a surplus where the US has a deficit. The southeast asians does not have the economic wherewithal to address corruption and overborrowing that has occurred in the last 10 years. China, on the other hand is not completely open yet, and has learned from watching. That is why their stockmarket was up 100% and is only down 30% from the high. Lower price competition from Indonesia will not kill China it will kill Indonesia.

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