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To: Lee who wrote (57671)	8/11/1998 5:53:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Hi Lee, China is the Asian economic superpower of the future, and by gradually adopting a gradual series of economic reforms, she will avoid the economic paroxysms that have gripped and crippled the Soviet Union, and its successor state, Russia, over the least several years. You are right, however, in noting that she is not hamstrung by the hundreds of years old cultural baggage that has hobbled Japan. But China's economic ascension is some years off. I think Japan will remain the economic power in the region for the next decade, and that is why it is important that Japan at least begins to make the necessary reforms. In a sense, the economic shift that is now occurring reminds me of the economic shift that occurred during the nineteenth century in which power shifted from western Europe to the northeastern part of the United States. TTFN, CTC