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

To: Bill Ounce who wrote (7469)	11/13/1998 10:30:00 AM
From: Bill Ounce	Respond to of 9980

USA Today -- U.S. economic ideas are tough sell [to APEC] usatoday.com [...] China has opted for what U.S. officials call a "hidden" currency devaluation by subsidizing its exports. China also has thrown the brakes on its plan to lower duties on imports and ease import restrictions. "It's not good for emerging markets to close their doors and protect their industries," says Charles Gradante, chief investment strategist for Hennessee Hedge Fund Advisory Group in New York. "On the other hand, it's about all they can do to repair their wounds." [...]