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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?

To: hui zhou who wrote (2954)	3/3/2008 8:57:21 PM
From: RealMuLan	Respond to of 12464

Who else? Zhou Xiaochuan is going down soon. The problem is his successor might be worse than him<ng> To be fair, the root problem is Deng Xiaoping and his successor. After all, Deng is the one who made the essential policy for the economic developement, which is exporting at any cost, including losing money, huge amount of money! No, I am not even talking about the US$ and Yuan exchange rate, buy high and sell low, I am talking about exporters do NOT get paid, NOT even one penny! The estimated overdue and bad debt from importers of Chinese goods is as high as US$100 billion a year! (ever since China joined WTO). Wonder why a lot of goods sold in the US is significantly cheaper than in China???