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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Evan who wrote (4764)	10/8/1999 7:24:00 AM
From: puddinhead	Respond to of 7209

Evan, Well the company has a history of not helping it's own cause. But the norom hollen is helping a lot, he hasn't posted here or RB for almost a week. Hehehehehehehe

To: Evan who wrote (4764)	10/9/1999 2:10:00 AM
From: jmhollen	Respond to of 7209

"....From the jus' so's ya know Department....": Report: China's economic growth forecast to surpass 7 percent in 1999 ASSOCIATED PRESS BEIJING, Oct. 8 — Increased government spending is likely to propel China's economic growth past the official projection of 7 percent this year, Chinese state media said Friday, citing a recent government research report. The report by the Chinese Academy of Social Sciences estimates growth in China's gross domestic product — the total value of goods and services — will reach about 7.6 percent in 1999, the official newspaper China Economic Times said. The report estimates next year's GDP growth at between 7.5 and 8 percent. But CASS, a government-run think tank, warned that structural problems in the economy could continue to create problems in the future, the newspaper said. China's state industries are struggling to restructure after decades of central planning, which left most of them inefficient and laden with debts. Banks are overloaded with irrecoverable loans. The report, also carried by other newspapers, noted that consumers fearful of losing their jobs are refraining from spending, further hurting growth prospects. China recorded growth of 7.8 percent last year, after the government channeled billions of dollars into public works programs. This year, however, the economy has slipped deeper into a deflationary spiral. Economic growth fell to 7.1 percent at an annual rate in the second quarter from 8.3 percent in the first three months. The retail price index, China's benchmark inflation indicator, has been falling for almost two years. And investment in fixed assets, a key factor in stimulating growth, has not revived despite the government's spending program. To counter those trends, the government has increased payments to laid-off workers, pay for civil servants and export tax rebates.