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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Brad Morris who wrote (6807)	7/30/1998 12:45:00 PM
From: jmhollen	Respond to of 25711

For anyone interested in a real opportunity for substantial gains from an east Asian investment, some DD into Largo Vista Corp. (LGOV) (http://www.;largovista.com) is in order. --------------------------------------------------------------------- A fellow LGOV threadmember posts: I saw this a couple days ago and thought it pertinent to some of Largos interests in telecom, housing etc.. CHINA CHANGE: Privatizing some enterprises is encouraging step September 17, 1997 China has taken a giant step toward economic liberalization these last few days, though its leaders have done their best to disguise the shift with socialist rhetoric. In his address to the 15th Communist Party Congress, President Jiang Zemin announced that China would begin privatizing many of the vast state enterprises that still make up 70 percent of China's economy. Crossing this threshold is a scary but necessary change for much of China. The state enterprises, though unprofitable in many cases and notoriously inefficient, have been a security blanket for much of the population. Those state enterprises - some heavy industry, some small pockets of economic activity - will be forced to deal with bottom-line considerations. That's a major shift for much of the population. The enterprises have guaranteed jobs. Many other necessities - health care and housing, for example - have been provided through the workplace. What Jiang Zemin said to the party congress was that China would cut the state enterprises loose to stand or fall on their own. This will mean some dislocation, but younger Chinese in particular have embraced the economic freedom in the 30 percent of China's system that is already private. They have traded security for better wages and more opportunity. The change - which means the risk of failure and the promise of the marketplace - is the real revolution in China. It is leading China irreversibly toward more political freedom as well. China's leaders know exactly what they must do about converting China's economy to a market-driven system. But they obscure it as long as they can, as completely as they can, with the language of their old socialist revolution. Make no mistake about it, though: China is changing as rapidly and as fundamentally as any place on Earth. anything helps. work