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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (35498)	5/25/2000 8:24:00 AM
From: flatsville	Respond to of 42523

Re: China from the MDD thread-- >>>These (foreign China based businesses) all operate at continued losses and any operating profit that eventually does originate will not be transferable out of the country as the domestic yen will remain a restricted currency and China will not allow the undermining of their currency and the loss of their 'tradable' dollars by any domestic exchanges. It will take many years (decades .. or if ever ..imho)<<< I heard something this morning in re: to the foreign insurance companies operating in China. They will most likely be required to invest profits in govt. sponsored infrastructure developments. Given the lack of accountability (not to mention accounting) involved in these kinds of projects these will sure to be big money makers, but for who? I doubt it will be U.S. companies...<ggg>