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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (29558)	9/26/2001 11:49:39 AM
From: gao seng	Read Replies (2) \| Respond to of 82486

More Hutchinson: The economic outlook for China remains highly uncertain, with the domestic stock market now probably cut off as a source of funds for ailing Chinese state companies. We continue to expect a crisis in the Chinese banking system, and a sharp downward reevaluation in the Chinese stock market at some point in the next several months. The lack of effect on the domestic Chinese market from the anti-U.S. terrorist attacks only shows that the market is carefully controlled by the Chinese authorities. ___ I continue to believe that a large correction in the Chinese public and banking sectors is inevitable before China's industrious and well-educated people can continue building their country's economy from a realistic base. My analysis is confirmed by a new book "The Coming Collapse of China" by U.S.-Chinese lawyer Gordon Chang, published this week by Random House, which United Press International will review shortly. I am also increasingly concerned that the principal objective of China's government is strategic hegemony, not the welfare of its people __ me: China is certainly facing a financial collapse. And they are an educated, industrious people. Will the financial collapse result in a governmental collapse: It depends on the actions the government takes to maintain control during the financial collapse. There are many scenarios, one would be blaming it on the west, and stirring up nationalism. This would be the war scenario. The best scenario is that they get with the program and start abiding by the rule of law. The standards of WTO will be very hard for them, and may even cause the collapse. But, if they abide by them, then there is hope that their market does not collapse, and that it can be a vibrant source of opportunity. It is not such much communism that is the threat there, it is the rampant corruption.