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

To: Tom who wrote (1249)	1/29/1998 1:41:00 PM
From: Tom	Read Replies (3) \| Respond to of 2951

"We must develop a democratic rule of law,...." Yes, Mr. Li, the PRC is head-long into another great experiment. Marxism is an antique ideology. The PRC has "Singapore model" written all over it. Democratic reforms are a given part in this equation. And, the current emphasis on "spiritualism" is the Party's way of attempting to guarantee that reforms are aided by the continuance of a Confucian obedience to authority. But, should the people continue to witness greed and corruption at the local level, increasingly they will come to see the central authority's reform measures as ingenuine. MORE TO THE SINGAPORE MODEL Earlier last year an old opponent of Lee Kuan Yew's passed on. Mr. Lee made an elegant statement on the occasion. He said this former communist opponent was a great patriot, yet one that struggled without seeing that the communist doctrine was ultimately doomed to fail. I would like very much to see the transcripts of Mr. Lee's conversations these past few years with Beijing leaders. Though Mr. Lee has many who oppose his practices, who's to say what measures are sometimes necessary if the whole is to benefit, and remain as one. He was a favorite of Mr. Deng. Most in the West don't know it yet (for a number of reasons) but what we are witnessing in China today are events of epic proportion. A transformation that, if successful, will standout on the timeline of world history. We in the West can only hope they are successful, and provide as much help as possible in the periphery. But, in the end, the credit or blame will be for the Chinese themselves. (I also found it interesting that the director of the U.S. CIA stated this week that he is uncertain, yet, whether the PRC will be an "aggressive" global power. I've seen reports from other so-called "intelligence sources" that portend otherwise. I'll agree with the CIA, for now.)