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

To: Hawkmoon who wrote (9012)	8/3/1999 2:52:00 PM
From: Jim S	Read Replies (1) \| Respond to of 9980

Mobius said that China will follow in the same path as Thailand? Well, that leaves me without much to say. I'll argue with you, but not Mobius! <g> Seriously, that was my point-- China is at the point where either they go the way of the rest of the world and open their economy to trade, or they lock the gates as they have in the past and try to expand by other means. To a Westerner, the choice is easy; to them, it may be more complicated. I think we're saying similar things, just from different perspectives. jim

To: Hawkmoon who wrote (9012)	8/3/1999 2:57:00 PM
From: Bosco	Respond to of 9980

G'day all again, Ron - I don't know how much of a parallel between China and Thailand is causal and how much coincidental. To begin with, size matters. Second, Thailand, the 1st going into the tailspin, got a lot of help from IMF. Third, and maybe more important, the damage done prior to the collapse is misplaced capital allocation [actually, this happened to Macau, but b/c of Macau's relative small size and unimportant, the investors ate their loss and moved on.] Fourth, the Thai tended not to behave like cry babies, so they really help themselves by not attracting too much negativity when they tried to rebuild. Having said the above, sure, an open market is always better than a closed one best, Bosco