Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1047)	1/9/1998 2:18:00 AM
From: allen menglin chen	Read Replies (1) \| Respond to of 2951

HK banks will decide if they will raise prime rate late Friday. Anyone know how to get the info if they raise, or keep its rate? Please post info if anyone get the news.

To: RealMuLan who wrote (1047)	1/9/1998 7:53:00 AM
From: ----------	Read Replies (1) \| Respond to of 2951

I think what you say is very true. Normally, it is not good to generalize. But please allow me to briefly, as it is the only way I can try to put my thoughts into print. I believe, as a nation the Chinese have far more "cultural pride" than most Western countries. Perhaps it is because China has been a country longer. As far as America goes, it is not uncommon for me to be asked: "What nationality is DeShong?", since the only native Americans are the American Indians. I doubt you would ever be asked such a question in Beijing. <g> My point being, the devaluation of the Yuan would almost be a personal disappoinment to the Chinese. It would not be something they would do without much thought and effort to avoid it. If I am wrong, please say so. I can only learn by listening to others. Best Regards, Doug