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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (989)	1/16/1998 10:59:00 AM
From: RealMuLan	Respond to of 9980

SHANGHAI, Jan 16 (Reuters) - China has time and an array of economic weapons in its arsenal to help it keep a promise not to devalue the currency to spur exports, analysts said on Friday. While the steep fall in other Asian currencies has greatly enhanced the competitiveness of some rival exporters, China still has breathing room, they said. "The fall of Asian currencies will hurt China's exports but not until later in the year," said Nicholas Kwan, senior economist at Merrill Lynch [NYSE:DJM - news] in Hong Kong. Kwan said that although some regional competitors had gained a currency advantage, the economic damage inflicted on them by the financial turmoil would cushion the impact on China until the second half of the year.