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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (7096)	10/24/1997 6:34:00 AM
From: Andrew Poon	Read Replies (1) \| Respond to of 94695

Bonnie Bear, I come from HK and I have to disagree with you. How long did you stay in HK? Where do you get this idea of US$600 a month allowance for an average teenager? Most middle class HK'er spend most of their income paying off mortgages, and I doubt they have $600 to spend themselves let alone their children. "Made in China' things are dirt cheap in HK, They may be cheaper still in 'Silly Valley' but no way 5X cheaper. Housing is expensive but so is in 'Silly Valley, and at least there are some cheap public housing available in HK.. The stock market is not even close to the crazy valuation of Wall Street. And China has no reason to 'break the back' of HK. China has every reason to keep HK prosperous. As a showcase to attract Taiwan to eventual unification and as a financial centre to raise capital. America probably has more reason to 'break the back' HK so that China will not become a threat to US world dominant. The British Empire was history long time ago anyway. HK economically has been integrated into Southern China for more than ten years. AP