Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (4009)	5/30/2001 8:29:26 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi CB, SCMP is a decent newspaper. Not particularly popular with the NY Times and WSJ, and not particularly popular with the Beijing authorities, but controlled by the Kwok family of Malaysia (owner of Shangri-la hotels and many of the Coca Cola operations in China). <<''Open trade is a force for freedom in China, a force for stability in Asia, and a force for prosperity in the United States,'' Mr Bush said. ''And this is not just my personal view. ''The institutions and individuals in China who are the least friendly to freedom are often the least friendly to trade - the institutions and individuals most sympathetic to freedom are often the most friendly to trade,'' he said.>> I agree with this, and believe the majority of the folks in the US agree with this view. I will be signing the power plant deal today, then travel to Beijing only to turn right around and head for Freedom Mountain Kowloon, then head to Money Rock Hong Kong. Should what Hong Kong has achieved be duplicated in Shanghai, Dalian, Beijing, Qingdao, Nanjing, Wuhan, Chongqin, Chengdu, and Guangzhou, then the capitalist revolution will have won a sustainable victory. It turns out that besides Sun Yat-sen, Deng Xiao-ping was also a Hakka :0) On the unemployment situation in China, it was much worse before, now better and trending better still. China suffers from two gigantic forces not friendly to employment, (1) the reform of state-owned enterprise, starting from 100% state ownership to below 50% in many large provinces, naturally creates an unemployment pool, and (2) the industrial revolution causing farmers to migrate to cities creates yet a larger unemployment pool. The problem is being washed away via private enterprise formation, in many ways spearheaded by the Diaspora and their relations, and by infrastructure construction and service economy reform (banking, insurance, health care, etc) that is meant to make possible further private capital mobilization. Again, you watch, and see the largest experiment in history. I get a rush from what watching up close. I get scared at times, and euphoric at other times. I also buy gold and platinum. Chugs, Jay