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

To: Derrick P. who wrote (7026)	10/9/1998 12:41:00 AM
From: Ron Bower	Respond to of 9980

Derrick, Chinese exports have only slightly increased because of the devalued currencies in the other Asian countries. The growth is coming from the internal economy. Exports are only 20% of China's economy. However, the exports are increasing due to new incentives from the government. In addition, China has removed some of the restrictions on foreign owned exporters in China selling into the mainland. Industrial output is currently showing 9.6% growth and over 96% of it is being converted into sales. There's very little inventory or over capacity problem as with the rest of Asia that's relying on exports. I might also note that imports into China from the US and the rest of Asia have increased. Computer and periferal sales have increased something like 76%. HP leading seller, Legacy of HK reported huge sales increases, both with manufacturing in China. Most economists are excluding China when they refer to 'Asia' because the situation there is not comparable. FWIW, Ron