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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (6596)	5/18/2004 11:10:48 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Andy Xie on China morganstanley.com

To: Haim R. Branisteanu who wrote (6596)	5/18/2004 1:39:36 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Not exactly. Buying power in China are concentrated on those 20% or so middle class people (the group is estimated increasing at a 1% (of the total 1.3 billion) annual rate), and maybe 1-5% of them are corrupted officials/business men who have the buying power to surprise the world<g>. So the buying power in China cannot be ignored, and that is why so many US companies are actually making money in China, and some of them making more money in China alone than from the rest of the world.