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To: Night Writer who wrote (19806)3/5/1998 10:33:00 PM
From: Loki  Read Replies (1) | Respond to of 97611
 
NW... China (PRC) Market.. Taiwan is also China

PRC has be over estimated as near term
consumer market by many western firm for years.

PRC (no consumer cash) wants to export labor and
West wants to import products (need cash).

The government has been hoarding dollars for the
last 7 years. Do not exactly know how this will
play out.

Hand assembly is often less expensive than automation.
Doctor earns 160 - 300 per month.

Wonder what will happen to investments in Shanghai.
(80% of a world's construction cranes are there building skyscrapers)
My last visit was in end September 97.
They are building an infrastructure to do business with the
west. Shanghai-North (Mandarin) Hong Kong-South (Cantonese).

Yuan(Riminbi)/HK$ devaluation will happen. It could be 1-10 years.

This will interesting to watch.

Loki



To: Night Writer who wrote (19806)3/5/1998 10:34:00 PM
From: the Druid  Read Replies (2) | Respond to of 97611
 
Come on, man. Too much rumor mongering.
Who said China is going to devalue its currency?
The Chinese premier in the state of the nation
address said China would not devalue its currency
and said the government is going to cut the
bloated bureaucracy and fix the state sector.
Also what bank failed?