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

To: Worswick who wrote (7357)	10/30/1998 9:31:00 AM
From: Bosco	Read Replies (1) \| Respond to of 9980

G'day all - a couple of items from bloomberg G7 & IMF: bloomberg.com Korea: bloomberg.com best, Bosco

To: Worswick who wrote (7357)	11/1/1998 8:52:00 PM
From: geewiz	Respond to of 9980

Clark, all Interesting article from todays' NYT on China's debt problem; much larger than just the banks: NY Times November 1, 1998 << It all adds up to a financial nightmare for the companies who lent money on the projects. They're struggling with billions of dollars in foreign debt, and one big one has been closed by the central government, an admission that it went bust by ill-fated attempts to build up China's infrastructure. The plight of China's non-bank financial institutions, known as international trust and investment corporations, or Itics, has rattled investor sentiment in a region already fighting to bounce back from it economic crisis. And some analysts warn that the troubles are just the beginning, with problems in Chinese banks likely to emerge next.>> nytimes.com best, art