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

To: Stitch who wrote (4330)	6/10/1998 8:10:00 AM
From: see clearly now	Read Replies (1) \| Respond to of 9980

"For the record I agree with Ron that China will avoid devaluation for the simple reason it will not yield them any major gains while holding steady will yield much. I totally agree with the notion that economic leadership in the region is the golden ring they pursue. This isn't just about joining the WTO. This is about replacing Japan as the leading economy in the region and one of the leading in the world. Putting that in the context of just a few years ago is quite remarkable. Or go a bit further back to Mao's "Great Leap Forward" and it is flabbergasting." _ In 1985 a small group of us were in a conference in China and Zhu Rongi who was then mayor of Shanghai said that in 25 years China would be a world leading country on par with North America .as we returned home that evening through the throngs of a "bicycle rush hour" to unheated Hotel rooms we simply did not believe him..14 years later it doesn't look so ridiculous?