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Strategies & Market Trends : HONG KONG
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To: tom who wrote (2310)9/10/1998 8:55:00 AM
From: Ron Bower  Read Replies (1) of 2951
 
Tom,

In a vote of 45 to 3, the Government called for the same thing. Sir Donald is voicing the opinion of the HK populace. Recent survey had him at 55% approval and 21% disapproval, up from 43%/23%.

Protectionism is rearing it's head in all of the emerging market countries and much of it is due to the instability caused by the hedge fund attacks on currencies. When people see their pensions and savings in jeopardy, it's a natural reaction.

JMHO,
Ron
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