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To: orkrious who wrote (185733)	8/5/2002 8:36:22 AM
From: TobagoJack	Respond to of 436258

Yeah, maybe you are right, especially if J6P keeps borrowing and spending and China needs to import more variety of metals to balance its trade surplus:0) Message 17835786 <<A bureau official said that in the present global climate it was not enough to only hold currency, bonds and gold reserves, and other kinds were needed. At the end of June, China's foreign-exchange reserves reached a record US$242.76 billion, an increase of US$30.6 billion over the end of last year. Another reason for the high level of imports is to reduce China's trade surplus, which reached US$10.43 billion in the first five months of the year, causing dissatisfaction among many trading partners. 'To calm this kind of discontent, China should import a substantial amount of product, to bring down the surplus,' the official said.>> Chugs, Jay