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To: ed doell who wrote (4158)	2/20/1998 8:19:00 AM
From: Brewmeister	Respond to of 7006

Ed, Comment on China is well taken. China is an interesting place. Even though I have a decent knowledge of China due to business there, I was almost surprised to see their steel production numbers. Given that China is a planned economy with a planned growth rate of 7 to 9 percent, they will continue to use and produce steel at a high rate. Welfare in China is via employment, and while change is coming in this regard, the state has to keep its people happy which means employment. Growth will likely continue and China now has significant foreign capital reserves. I think they can fend off the flu, even if they have to cut growth in half. Dan