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

To: LLCF who wrote (11344)	11/27/2001 2:24:08 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<I think a good bet is that Hong Kong's incomes and stuff will end up like China's. That means some changes.> <This would include a rise in China's income of course... I wouldn't want to be competing for those jobs, Americans better get on the ball.> Since there are only a few people in Hong Kong compared with China, the Hong Kong rates of pay would fall a lot further than the pay rates in China would rise, except that China's companies are also competing with Taiwan, Japan, Korea, USA and others so I suppose China's pay rates will rise a lot and Hong Kong's only fall quite a bit. With 1.3 billion people, China is going to have a major influence. It's not like Singapore, Korea and Taiwan becoming wealthy - their populations being too small to make a major impact with China's productive capacity coming on stream. I wouldn't want to own very expensive real estate in Hong Kong [well, I do own some, but that's ancient history and it's now worth less than brokerage fees to sell it]. Mqurice