HONG KONG Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : HONG KONG

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom who wrote (1925)	6/18/1998 10:38:00 AM
From: Ron Bower	Read Replies (2) of 2951

Tom, A specific - I talked with the CEO of one of my investments Tuesday night. (HK based, factories in China) The situation is really hurting companies in China. It's more a matter of lower order visibility because customers don't want to commit to anything. Exporters are starting to see more competition from Japan, South Korea, and other regions. He was very upset that the US hadn't put more pressure on Japan and felt that the yuan would have to be devalued if things didn't straighten out soon. His company has been taking advantage of the tax breaks and incentives in China, but the devaluations have taken away these advantages. They can make no plans or projections until they have a better idea of how it's all going to play out. I think this is the worst part of it - the uncertainty. They need some stability, whatever it's going to be. Japan has really messed it up IMO. The only good I see coming from this is improved relations between the US and China. FWIW, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next