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To: Victor Lazlo who wrote (126109)	6/7/2001 12:01:44 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164687

>> Yes i believe Saudi Arabia can do it. I guess the effect of the withheld oil will not show up in the inventory figures until a month from now. If the inventories are low now, they'll be a lot lower by then. In fact a month from now there should be 20 million fewer barrels of oil in US inventories. (600,000 brl/day the US imports from Iraq, times 30 days).

To: Victor Lazlo who wrote (126109)	6/7/2001 2:57:10 AM
From: craig crawford	Read Replies (1) \| Respond to of 164687

say victor, does this sound like a country that is moving backwards or forwards to you? and if everyone's broke with no money to spend how are they going to pay for these cdr's? Thursday June 7, 2:29 am Eastern Time China mulls plan to allow foreign cos to list CDRs biz.yahoo.com By Kwan Chooi Tow HONG KONG, June 7 (Reuters) - Beijing is mulling a proposal to allow foreign firms to list depositary receipts in China, Anthony Neoh, chief adviser to China's securities regulator told Reuters on Thursday. If approved, CDRs could pave the way for a wave of listings by foreign companies, including red chip companies, on China's buoyant stock markets which are backed by huge domestic savings.

To: Victor Lazlo who wrote (126109)	6/7/2001 3:17:43 AM
From: craig crawford	Respond to of 164687

China on the Move China is in the midst of a new cultural revolution, driven by economic growth and integration into the global market. What will this mean for its people? And the world? FORTUNE Monday, May 14, 2001 By Jim Rohwer fortune.com (excerpts) It took Britain most of the 19th century to multiply per capita income 2 1/2 times. U.S. income increased 3 1/2 times in the 60 years from 1870 to 1930, Japan's six times from 1950 to 1975. But China is the fastest of all. Since emerging from economic isolation in 1979, Chinese incomes have risen sevenfold. You do not have to open the history books or plow through tomes of economic statistics to understand this. Anybody who goes to China can sense it. Twenty years ago China was a drab place. People ate mostly noodles and rice, which were rationed. They wore baggy blue Mao suits and lived in cities where the lights were out by 8 p.m. Within ten years the amount of fish, meat, and other tasty things the Chinese had consumed increased three or four times. Today people in China's coastal cities are often dressed as elegantly as their counterparts in the West. Nightclubs are ubiquitous. Almost every home has a color TV. Justin Lin, who runs the China Center for Economic Research in Beijing, thinks that productivity growth has been running at about 5% a year for the past 20 years--more than twice America's rate over that period and about five times faster than Britain managed during the Industrial Revolution. Finally, there is China's momentum. Lin points out that Japan's economy grew rapidly for 40 years, from 1950 to 1990. Given China's age structure, its ability to accumulate capital, and its potential for catching up technologically, he figures China could do the same for 50 years. We're just over 20 years into that time span. Suppose China grows for another 30 years at 8% to 10% a year. At that rate, by 2030 the Chinese economy would be roughly the size of America's or Europe's