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

To: RealMuLan who wrote (2443)	1/9/2004 4:46:27 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Merrill Lynch Cuts China Weighting On Slower Econ Growth HONG KONG (Dow Jones)--Merrill Lynch Friday said it had lowered its rating on China to an underweight from market weight due to concerns about a slowing economic growth rate. It raised its rating on Hong Kong. "We feel that China's growth will gradually slow compared with last year, so we downgraded our weighting on China," said Asian Strategist Willie Chan. "We upgraded our weighting on Hong Kong after the downgrade on China." ADVERTISEMENT Strategist Stephen Corry said Merrill Lynch expects China's gross domestic product growth to slow to 8% in 2004, from 8.5% last year, but noted that the risk of a hard landing for the mainland's economy is low. Chan said he expects Hong Kong's economy to grow 6.3% in 2004. sg.biz.yahoo.com