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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Dom B. who wrote (12926)10/28/1997 1:20:00 AM
From: Auj  Read Replies (1) | Respond to of 50167
 
Dom,

I think that CHina would obviously want Shanghai to prosper given Jiang and a lot of the top officials are from Shanghai but I also don't think they would try to have it replace HK. At least I don't see that possible in the short run. When Shanghai had developed to a certain level, then maybe someone would suggest things like that but until then HK is still the financial center. ANd I think it won't hurt for China to have 2 powerhouses.

Jean



To: Dom B. who wrote (12926)10/28/1997 2:00:00 AM
From: Jack T. Pearson  Read Replies (1) | Respond to of 50167
 
Hong Kong is probably dropping for the same reason Japan got hurt...
stock prices were out of line with underlying value. Because real estate prices also got out of line, like in Japan, recovery will be a long, difficult path.


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