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To: Paul Engel who wrote (59967)7/14/1998 1:06:00 AM
From: Gary Ng  Read Replies (1) | Respond to of 186894
 
Paul, Re: Can you give us an update on Hong Kong economic conditions

Really bad and getting worse IMO. The situation is
similar to Japan 10 years ago(realty bubble burst).

We deserve that. If one looks at the local Stock
Exchange, one may find that over 80% of the listed
company derive its profit from realty(even though
many of them are supposed to be manufacturing
companies, servicing companies).

Gary