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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Box-By-The-Riviera™ who wrote (39753)3/12/1999 10:39:00 AM
From: RealMuLan  Read Replies (1) of 95453
 
Joel: <<that they didn't devalue yet is due (IMO) to the power of a totalitarian regime>>

I don't think this is the case. Chinese are very practical. As of early last year, export industry only accounted for 20-25% of the total output. So it was not in the best interest of the Chinese people in general to devalue. As for that "totalitarian" part, I can only say you read too much into the US media. I don't want to start an argument about politics.

Good luck.
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