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To: Sergio R. Mejia who wrote (3672)	11/30/1997 1:56:00 PM
From: Wade	Respond to of 116898

Sergio, It is another article link China to the current world currency crisis. However, the author, Mr. David Crane does not know China is the main reason of the collapsing of the SE Asian currencies. He mentioned that the wealthy Asians are heavily invested in China. This is exactly the reason why the rest of the reginal countries can not obtain investment capitials and lost their growth momentum. Also, China had devalued its currency several times in recent years. That was another big facotor to impact the reginal stability. I am very surprised the lack of coverage and understanding of China's role by the news media in this event. China is a giant money vaccum cleaner... the adjacent area will be hit by the current and draft. Therefore, I am not surprised to the devaluation of their currencies is an unusual event. It is a way to survive in "Chinese tornado". History have told us before. This is just a repeat. Sincerely, Wade