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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (714)	9/15/2003 2:16:48 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Low rates, yuan talk dent China's forex savings Reuters, 09.15.03, 6:20 AM ET BEIJING, Sept 15 (Reuters) - China said on Monday personal foreign exchange savings fell in August, the second straight monthly decline, as lower deposit interest rates and expectations of a possible yuan rise dented people's appetite for dollars. Personal hard currency savings at financial institutions, mainly banks, fell to $89.6 billion at the end of August from $90.5 billion at the end of July and $90.9 billion at the end of June, according to the central bank's data released. forbes.com

To: RealMuLan who wrote (714)	9/16/2003 11:52:56 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China denies troop build-up on borders -------------------------------------------------------------------------------- www.chinaview.cn 2003-09-16 19:07 　　BEIJING, Sept. 16 (Xinhuanet) -- China on Tuesday denied it was building up troop numbers on its borders with the Democratic People's Republic of Korea (DPRK) and Myanmar. 　　Foreign Ministry spokesman Kong Quan said China was replacing its armed police with military troops along the two border areas in a reform of border administration. 　　Kong was responding at a regular press conference to reports that China replaced its armed police with military troops along the Sino-DPRK and Sino-Myanmar borders, and to journalists'questions on the timing and intent of the action. 　　He said replacement of the armed police, who originally defended the two borders, had begun early this month. In order to unify the land border administrations, China decided to replace the armed police with Chinese People's Liberation Army troops. The replacement, which had been a long time in preparation, was complete, Kong said. Enditem news.xinhuanet.com