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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (2438)	10/17/1998 11:44:00 AM
From: Julius Wong	Read Replies (1) \| Respond to of 2951

Tom: Thanks for the article. Julius

To: Tom who wrote (2438)	10/17/1998 11:55:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 2951

Tom, Two very interesting articles. IMO both pretty well on target unlike most of the propaganda available. I can't believe how many articles I'm seeing praising AG and that this will provide a huge boost to a faltering economy. IMO - about as much economic boost and help for the banks as Japan's lowering rates. THere was an interesting article on Yahoo International yesterday about the 'US credit crunch' and bank problems. This is news? Thanks, Ron

To: Tom who wrote (2438)	10/17/1998 6:44:00 PM
From: Richard Tsang	Read Replies (2) \| Respond to of 2951

Tom, another very interesting article. Thanks for posting. Huaihai Lu is very close to my heart as I lived there between the years 1986 and 1988. During the last two years (1996-1997), my second foreign assignment to Shanghai, I often visit the area. The changes are unbelievable! I argued for an appreciation of the yuan vs the dollar a year ago. That would have probably happened if not for the Asia turmoil. I did witness the depreciation of the yuan from 2.40 in 1984 to the 8.30 in the early 90's. I saw the reason for depreciation then, but the fundamentals now, as pointed out in the article you posted, should support a rise last year. You may not know how much money there is that are not deposited with the banks, but hidden somewhere else. My friend and I have been telling our American friends here in the mid-west our thoughts that the yuan would rise, even during the Asia crisis and will continue to tell the story..... Richard