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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (74905)	4/14/2001 12:12:56 AM
From: marginmike	Read Replies (1) \| Respond to of 99985

nope, I quit shortin a whille back. Thanks, doesnt change the fact that your rapent bullishness is a JOKE. Until people like you capitulate there will be no bottom.

To: American Spirit who wrote (74905)	4/14/2001 12:58:33 AM
From: puborectalis	Respond to of 99985

E-Commerce Becomes Driving Force for China's Economy, Experts Say April 13, 2001 (BEIJING) -- The decline of the Nasdaq market in the United States has not dampened China's enthusiasm for e-commerce. The 5th China International E-Commerce Summit, which closed recently, attracted thousands of visitors from all over the world. IT experts, when speaking at the summit, agreed that e-commerce is becoming a new driving force for the economic development of China. "Showing us the future of trade, e-commerce will bring us great change and opportunities in economic and social development," said Wu Jichuan, Minister of Information Industry. A new phenomenon at the summit was that traditional industries, rather than dotcoms, became the center of attention. In the past two years, traditional companies, which had been standing back, began to set their sights on e-commerce, hoping the utilization of new technology will help them improve management and cut costs. China's e-commerce has enjoyed a rapid development in recent years. Statistics showed that China's e-commerce business volume reached RMB77.16 billion (US$9.3 billion) in 2000, including RMB390 million from business to consumer (B2C) transactions and RMB76.77 billion from business to business (B2B) transactions. Not only traditional industries, but other sectors, such as infrastructure construction and the software industry, will be the beneficiaries of the e-commerce development. China is investing heavily in information infrastructure construction to remove the bottleneck of the e-commerce development. Billions of investment in the underground fiber-optic network and the satellite system will create great economic efficiency, experts predict. (Xinhua News Agency)