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Strategies & Market Trends : HONG KONG
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To: DJBEINO who wrote (2062)8/11/1998 10:36:00 AM
From: Ron Bower  Read Replies (1) of 2951
 
DJ,

Excellent summary. I might add that the Yangtze flooding will cause China to increase grain imports above projected levels. The losss of prime farmland from the floods is added to the poor crops due to the drought in South China.

A devaluation would increase the cost of the imported grain.

FWIW,
Ron
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