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To: Sultan who wrote (32257)1/10/2003 3:55:10 AM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
Very interesting - his perspective is so absolutely rosy and wonderful that I would take this with several large shakers of salt. Like who cares about human rights when you can buy souvenirs - LOL, the topic bears more examination.

But the general economic drive is important to know. In my experience, a country is either going places or stagnating. The pools of stagnation are almost inevitably casualties of rotten incompetent governments.

Maybe the Chinese bunch are simply nasty and effective.



To: Sultan who wrote (32257)1/10/2003 12:26:36 PM
From: rgjackRespond to of 118717
 
>>I was truly blown away when I saw China<<

I can believe it... I lived and worked in mainland China for nine years in different locations... truly many stories can be told both good and bad, but the people are the real thing... they may not be able (as in 'allowed') to speak freely... then there are many people in the USA that should be quiet and listen instead .... but that's Off Topic



To: Sultan who wrote (32257)1/10/2003 2:13:29 PM
From: NOWRead Replies (1) | Respond to of 118717
 
I dont disagree with anything the author said, but it doesnt jibe well with this reality too:
finance.yahoo.com^SSEC&d=c&k=c1&a=v&p=s&t=2y&l=on&z=m&q=l



To: Sultan who wrote (32257)1/11/2003 4:24:14 PM
From: Duane L. OlsonRead Replies (1) | Respond to of 118717
 
Thank you for that excellent article on China. I've copied it for long term retention.
Business Week magazine has been running periodic articles on the rapid and extensive growth in China, to the point that it became somewhat unbelievable... but now apparently confirmed by the Roulston report you provided.
One implication for investors, including those interested in the revival of gold, is the significant deflationary effect on the world's economy of China's arrival as the low cost producer in industry after industry. In the Dec 2, 2002, issue of Business Week, pages 60-61 appears an articl by Mark Clifford (Hong Kong) entitled "How Low Can Prices Go"---"China's Cheap Exports Worry the West". A related chart shows how China's PPI has declined from 100 in September 1997 to (approximately) 92.75 in Sept 2002. There are those who believe this deflationary effect requires the upward revaluation of the yuan (now about 8.28/dollar, I believe), and the resulting devaluation of the Greenback.
Question is, then, does one hold gold.....or yuan?
Just fishing....
Thanks very much, again, for the Lawrence Roulston report..
tso