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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (6015)	6/24/1998 7:07:00 PM
From: Mason Barge	Respond to of 10921

Justa - Despite the fact that I agree with you in general -- I don't really think the Chinese will devalue the yuan (but I wouldn't want to bet the ranch on it), although I think that further deterioration in the yen could give them legitimate reason -- I do want to say that their export market is undervalued due to third-party intermediaries. It's kind of an open secret that a large amount of importing from small third-world economies is a front for mainland China. Sri Lanka, Outer Mongolia, a couple of South American countries, Rumania, etc. If you've ever seen these labels in clothes, shoes, toys, Christmas ornaments, etc., they are probably Chinese. They avoid a lot of problems using these fronts, kind of like someone from the US traveling on a passport from another country (in fact, there are services that specialize in passports from countries that don't exist for travelers from the US, Israel, etc.).