Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (15354)	7/21/2002 2:21:11 PM
From: Gottfried	Respond to of 23153

jim, yes - thank god for China, for now. Deflation in Hong Kong Message 17770095 G.

To: jim_p who wrote (15354)	7/21/2002 2:25:03 PM
From: Proud_Infidel	Respond to of 23153

Interesting comment that China and India are now the worlds largest markets for the sale of chips. That is certainly NOT the case, not even by a long shot. India's consumption of IC's is pitifully low. The article stated that the surge was largest in Asia Pacific, with "the region" now being the largest chip market. Brian

To: jim_p who wrote (15354)	7/21/2002 2:39:14 PM
From: quehubo	Respond to of 23153

India & China, who do you think will be keeping oil demand up supporting prices and keeping inventories under control? At least thats what I hope. Cell phones, PC's, motor vehicles for ?1/5 of the planet's population that are still without. Also worth considering, the typical new power plant is loaded to the gills with semiconductors, servers, PC's, etc.

To: jim_p who wrote (15354)	7/21/2002 2:47:30 PM
From: Bocor	Respond to of 23153

China State Investment Rose 24% in May From Year Ago By Michael Forsythe Beijing, June 18 (Bloomberg) -- China's government increased investment in dams, phone networks and other projects by almost a quarter in May to buoy domestic demand and keep economic growth above 7 percent. State investment rose 24 percent from a year earlier to 243 billion yuan ($29.4 billion), the National Bureau of Statistics said. In the first five months of the year, investment climbed 26 percent, about double the rate of growth for all of 2001. China is relying on government spending, exports and foreign investment to keep growth on course as rising job losses damp consumer demand, pushing down prices and curbing investment by private companies. State spending helped the economy expand 7.6 percent in the first quarter, snapping a nine-month slowdown. These numbers are important as a driving force for growth,'' said Yiping Huang, an economist at Salomon Smith Barney in Hong Kong. Because of deflation, the outlook for (private) enterprises is not bright, and they are not investing. Premier Zhu Rongji pledged earlier this year to pump more money into unemployment benefits, wage increases and public-works projects to create jobs and buoy domestic demand. Unemployment is rising as PetroChina Co. and other state companies fire hundreds of thousands of workers to face foreign competitors as the country opens its markets. The government said earlier that rising spending will probably swell its budget deficit by a fifth to a record this year.