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To: TobagoJack who wrote (42909)	12/10/2003 9:03:19 AM
From: Ramsey Su	Respond to of 74559

Jay, don't mark you calendar just yet. If US is at war with China next year, I am cancelling my trip. <gggggg> Seriously, wouldn't it make more sense to rush into gold or anything non US denominated, if tensions flare? Besides, China can just announce that they intend on dumping all agency paper and interest rates here will bounce a couple of percent. Ramsey

To: TobagoJack who wrote (42909)	12/10/2003 6:24:40 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 74559

Jay, Some islands near you are for sale. What do you think of this prospect? story.news.yahoo.com Group of uninhabited South China Sea islands for sale Tue Dec 9,10:52 PM ET BEIJING, (AFP) - A group of uninhabited islands in the South China Sea are for sale to be developed for tourism and industrial purposes, state media reported. AFP/Nasa/File Photo Detailed regulations to guide their development are currently being drafted by Guangdong provincial authorities with a public bidding process slated for next year, the China Daily said. "The new regulations will be introduced and come into effect next month," Bai Hua, director of the Waters Administrative Department under Guangdong's Bureau of the Ocean and Aquatic Products Industry, was quoted as saying. The islands will be sold for tourism, transportation, trade, warehouse and industrial development, Bai said, but no military intallations will be allowed. Sino-foreign joint venture companies that are controlled by Chinese firms are allowed to bid, but other foreign concerns or individuals are not. Bai said investors must hand over detailed development plans, involving environmental and ecological protection measures, before they bid. Interest so far has been keen, with the bureau inundated with telephone inquires and written applications from both companies and individuals. Guangdong has China's longest coastline and a total of 1,434 islands. More than 90 percent of them have no residents and 604 each cover an area of more than 500 square metres (5,380 square feet). It was not clear how many of the islands will be sold but authorities are expecting they will go for between 100,000 yuan (12,000 dollars) and 100 million yuan (12 million dollars) each. While the islands enjoy abundant ocean and aquatic resources, they lack fresh water, have poor transportation facilities and are in an area that is regularly pounded by typhoons. Land use rights will be limited to no more than 50 years.