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

To: RealMuLan who wrote (34167)	5/21/2003 10:26:27 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

It's SARS Taiwan's time, Yiwu. Taiwan Sars warning grows as cases spread By Geoff Dyer in London Published: May 21 2003 19:22 \| Last Updated: May 21 2003 19:22 The World Health Organisation on Wednesday extended its Sars warning for travellers to Taiwan to include the whole island, not just the capital Taipei. It follows the announcement of another 35 cases of the disease on Wednesday, including new infections in the south of the island. Tawian now has 418 probable cases of Sars, the third highest level after mainland China and Hong Kong. news.ft.com Sars slashes Taiwan's GDP growth forecast By Kathrin Hille in Taipei Published: May 16 2003 17:03 \| Last Updated: May 16 2003 17:03 Taiwan on Friday cut its forecast for full-year gross domestic product growth to 2.89 per cent, with the Sars virus slicing 0.7 percentage points off previous official predictions. The government forecast the disease would drag GDP growth down to 1.2 per cent in the second quarter. Private consumption will drop by 1.1 per cent, the first-ever contraction, year on year, said the directorate-general of budget, accounting and statistics. "We have to concentrate on fighting deflation now," Hsu Jan-yau, deputy director-general, said. First quarter growth slowed to 3.21 per cent, slightly below the government's forecast. If the disease is not contained by the end of June, GDP growth for the whole year could drop to 1.9 per cent, Mr Hsu said. news.ft.com

To: RealMuLan who wrote (34167)	5/21/2003 11:11:08 PM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 74559

>>As more Chinese can afford to consume more<< and when China is saturated ... Too much capacity (or wrong type) for what the world needs.