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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Joe Btfsplk who wrote (7058)	8/22/1998 1:22:00 PM
From: HammerHead	Read Replies (1) \| Respond to of 42834

China's Turn - Neil A. Martin from Barrons The Chinese yuan stood as firm as the Great Wall even while other Asian currencies toppled around it. Now the yuan is likely to be devalued, by as much as 20%, and that will give the world markets another rude shock..... .....China's economy today is in the grips of deflation; retail sales were down 3.25% in the 12 months ended June and industrial production is declining. Most analysts forecast economic growth of 6%-7% this year, well below the government's 8% target, and warn that it could slump as low as 5% from last year's 8.8% pace......