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To: RumbleFish who wrote (57605)	12/30/2007 12:47:48 PM
From: anializer	Respond to of 118717

Some very successful businessmen I spoke to on my visit to SE Asia said they are timid and somewhat skeptical on China. They think Singapore is much more stable. Concerns run from Growing to fast, Communist leanings, and the top concern cited was an unpeg of the currency. If that ever happens, all hell breaks lose according to many close to the situation. On the other hand, you can't argue with long term infrastructure build there.

To: RumbleFish who wrote (57605)	12/30/2007 1:23:53 PM
From: Dale Baker	Read Replies (2) \| Respond to of 118717

If their first calculation is now estimated to be 40% off, I don't see why anyone should believe their revised work has any more credibility. Just shows what can happen when you put a bunch of overpaid economists (which are plentiful at the WB) in the same room without adult supervision. The brass tacks will be the trade deficits with China, their foreign exchange reserves, the growth of their middle class, their physical level of weaponry and what they do with it. The World Bank can continue sucking their thumbs in downtown DC.