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To: goldsnow who wrote (37711)	7/24/1999 4:27:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116786

Oyama, Japan, July 23 (Reuters) - China may face hardships in maintaining the current value of its currency once it becomes a member of the World Trade Organisation (WTO), Kent Calder, a special adviser to U.S. ambassador to Japan Thomas Foley, said on Friday. Calder told a group of Japanese business leaders there would be many Chinese industries that would not be able to get export subsidies from the government if China obtained WTO membership. If export subsidies were eliminated, China would have to come up with other steps to stimulate exports such as devaluation of the yuan, he said. ''I can say that it would be difficult for China to ensure current currency levels then,'' he said.