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Strategies & Market Trends : HONG KONG

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To: ---------- who wrote (1569)5/5/1998 10:15:00 PM
From: synchro  Read Replies (2) of 2951
 
Last week The Wall Street Journal (4/30/98 ed.) had an extra insert call "Global Investing" that focused soley on China. Very interesting. Sometimes I wonder why I still subscribe to a Dead Tree publication, but that series was worth the money.

Of the seven or eight articles in the series, most interesting was the one about this woman laid off by the state factory in Shangyang and decided to open up a produce stand. She talked about how she learned to manage supply and demand of her products. My favorite quote: "At first I didn't understnad how a market economy works, now I understand it: Those who work harder...can live very well." Let's hope there are more of these budding entrepreneurs like her in China just waiting to break free. If that is the case, I am very heartened.

Also interesting: a huge feature on the up-and-comers in the Chinese central government. Lots of young faces (well, 50 < x < 65) and technocrats, which may be a good sign; would have to see. May be wishful thinking...but still waiting for University of Chicago School of Economics alumni to show up in Chinese Leadership.
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