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Technology Stocks : C-Cube
CUBE 35.90+0.2%Dec 26 9:30 AM EST
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To: Don Dorsey who wrote (39750)4/10/1999 12:09:00 AM
From: SC  Read Replies (1) of 50808
 
Premere Zhu of China answers questions regarding China's economy, devaluation of RMB, among others:

Some highlights:
===
So here I'd like to call on the American business people to go to China
to make for -- for investment. You will not face the risk of
devaluation of RMB. If you don't believe me, then I would take the
advice from Professor Melton Miller (ph) of Chicago University. He
advised me to offer a put option to those who don't believe me.
====
As for the economic development in China this year, many foreigners are
predicting that China will be the next to be hit by the economic
crisis. But I don't think that's the case -- that will be the case.
This year the projected GDP growth is 7 percent. But in the first
quarter of the year, the growth rate was 8.3 percent. So I expect
China's economic development this year to be better than that of last
year, not in terms of the speed, simply in terms of speed, but in terms
of the economic efficiency -- economic results.

Secondly, some foreigners are saying that China's economic reform has
come to a stop. I wish to state here in very explicit terms that last
year instead of coming to a standstill, China's reforms made greater
progress than originally planned.
===============
The whole text included below from this link:

cnd.org:8011/CND-Global/CND-Global.new.html
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