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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: shadowman who wrote (8945)	7/27/1999 9:10:00 PM
From: Thomas M.	Respond to of 9980

It was little noticed that last week Standard & Poor's Ratings Service downgraded China's Government debt and the bonds of nine shaky state-backed Chinese banks. It was the first time that China's official debt has been downgraded since the Tiananmen massacre. Interesting. Tom

To: shadowman who wrote (8945)	7/28/1999 7:38:00 AM
From: Liatris Spicata	Respond to of 9980

Dennis- Friedman is one of those presences who at some times strike me as highly perceptive and intelligent, and at other times strike me as being rather doltish. It's amazing well these instances correlate with whether or not I am in agreement with him! More seriously, he seemed to offer something to everyone: a recognition of the essential validity of Taiwans de facto, if not de jure, independence, coupled with a willingness to take President Lee to task for his comments that riled the waters. I wish the distinguished journalist had addressed the position of the WSJ op/ed that I quoted on this thread recently to the effect that Lee was positioning himself for upcoming negotiations with the PRC. Essentially, WSJ opined that Lee felt he had to enter into negotiations with Beijing as equals, as opposed to being relegated to the status of a renegade province. Shades of discussions on the shape of the bargaining table that so hampered negotiations between the US and North Vietnam. I lack the insight of Friedman and some on this thread as to Lee's motives, but I do recognize that in the world of diplomacy, substance and style are closely intertwined. Larry