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

To: MikeM54321 who wrote (5345)	8/1/1998 11:52:00 AM
From: Ramsey Su	Read Replies (4) \| Respond to of 9980

satellite.nikkei.co.jp Mike, date of the article was June 16, 1997. So far, I opined that the timing of the big bang is poor. As for Chinese devaluating the RMB in the footsteps of the yen, I think there are pros and cons. If China can survive the crisis without devaluating, they no doubt would have escalated their position in the pecking order not only in Asia but the world. Zhu is sending out special task force to pay special attention in trying to meet the 8% GDP growth objective. Not even mentioned in the western press is the Yantze floods, which has already killed 2500 people and who knows how many homeless. I don't blame CNN because they are indeed busy trying to determine the source of a stain on Monica's dress. Based on her size, I bet you it will turn out to be spagetti sauce. Whats more important anyway? This flood is threatening China's planned 8% GDP growth. Time will tell if China needs to devaluate. Ramsey

To: MikeM54321 who wrote (5345)	8/1/1998 12:06:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 9980

Mike, I cannot believe there are still those beating the drum about the dangers of China devaluing the yuan. Anyone that is still doing it has not looked at the situation in China - the advantages and disadvantages of another devaluation. FWIW, Ron SAO PAULO, July 31 (Reuters) - Cargill shipped 56,700 tonnes of soybeans to China from the Brazilian port of Rio Grande this week. >The deficit with Japan declined 8.5 percent in May to $4.95 billion as both imports and exports fell. The U.S. deficit with China rose 8.3 percent in May to $4.63 billion<