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QCOM 159.59-3.9%Nov 20 3:59 PM EST
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To: Harvey Rosenkrantz who wrote (13517)8/10/1998 11:42:00 AM
From: Shi  Read Replies (1) of 152472
 
For those of you economists and money-suppliers:

As bad and unfortunate as the flood in China is (240 mil.
affected and >2000 dead), will it save China's economy as
a whole? Similar argument has been raised after Kobe earthquake,
I wonder how true it is. I guess the reconstruction effort would
be a significant stimulant on the demand side, the government
simply needs to print more money. How far can the side-effect
of the flood go in helping China's economy, given that a devaluation
in Yuan will almost certainly become a reality?

Shi
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