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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.705

-0.6%

Nov 25 3:07 PM EST

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To: Ron Bower who wrote (720)	5/7/1998 10:49:00 PM
From: Ron Bower	Read Replies (1) of 1418

From China News, For full year 1997, exports grew 20% over 1996 levels. 1st Q 1998, exports from China grew 13.2% over 1Q 1997 1Q exports to Asia grew 4.8%. To all other regions by 17%, to the US by 21.9%. In an interview with Reuters, President Jiang Jemin stated that their study indicates the currency devaluations in the region would not put Chinese exporters at a disadvantage. He stated that China has been hurt by the crisis, but indications are that the worst is over. That the internal economy is growing and China remains competitive in the export markets. He repeated the pledge that the Renminbi/yuan and $HK would not be devalued. Ron

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