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To: Crimson Ghost who wrote (4306)	6/5/2001 7:58:13 AM
From: TobagoJack	Respond to of 74559

Hi Leonard, The experiment will be phased in over a 24-36 months period, the full scope of which will be to totally free the gold market and exit the state from the trade (the trade makes money for the state, and thus makes money for the communist party). They will, as with experiments in other sectors, start small, collect and collate experience, change the formulae, fiddle, twiddle and experiment some more. The whole of China is now one great big Lego set, from policy, law, practice and everything else. If the taxation doesn't work for a free gold market, the taxation will go away in the course of fiddling. Just as an example, the Communist Party is now studying the Taiwan KMT's scheme of stock ownership in large ex-state enterprises and important private enterprises, as a prelude to widening political reform. They are doing this because they see a problem with the Party, the Government, the State Enterprises all one and the same; the implication being if the Party lose control of the Government, it also loses control of access to political finance. From the outside the country, most observers see the three entities as one cohesive whole, and this is wrong. The Communist Party needs to straighten out the links between the three sets of entities before all state enterprises are privatised or publicly listed. Think about the full magnitude of the tasks they have to do, the interconnected set of issues, and realize that there is so much to do, so little time. Imagine a situation in the US where all know they will not recognize their own country within 36-60 months, again, just like the last 60 months. Chugs, Jay