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To: GST who wrote (136304)	12/31/2001 3:25:15 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

GST, Happy New Year to you too.

To: GST who wrote (136304)	12/31/2001 4:07:10 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

WASHINGTON (Dow Jones)--Investor Steven Newby lowered his holdings in U.S.-China Industrial Exchange Inc. (CHDX) to a 14.3% stake, according to an amended Schedule 13G filed Monday with the Securities and Exchange Commission. As of Monday, Newby beneficially owned 121,780 U.S.-China Industrial common shares. Newby previously reported owning 168,910 U.S.-China Industrial shares for a 19.4% stake as of Dec. 31, 2000. A Schedule 13G denotes a passive investment stake in a company. Filers aren't required to provide a reason for any changes in stake and aren't required to detail any transactions. U.S.-China Industrial Exchange sells medical equipment and supplies in China. -Todd Goren; Dow Jones Newswires; 202-628-9782; todd.goren@dowjones.com (END) DOW JONES NEWS 12-31-01 03:59 PM