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

To: Richard Tsang who wrote (2570)	11/17/1998 4:16:00 AM
From: Tom	Read Replies (1) \| Respond to of 2951

Hello, Richard. Great savings for the already better-to-do emerging middle class! Hard to believe. The communist mandarins bolstering the livelihood of the middle class? As I've said, hope springs eternal. ----- Another example of Shanghai's boldness in trying new concepts. Right up my alley, Richard. Bold and innovative. The worm turns a bit. Doesn't it? The mandates that have a history of wreaking so much havoc on the people have now built a small history of more beneficial policy utilisation, i.e. the nature of the policies that moved China in one direction is now that which must necessarily change and maintain a new heading. Too, I get the feeling that after a point - and with capable local leadership -- the Shanghainese will in certain aspects be quite capable of fending for themselves. How helpful it would be were the international centers along the seaboard able to flourish without the constant involvement of the central government. An easy topic for future thesis. <g> ----- Wonder what this will do to the property price there. Have to wait and see, I guess. Much as you've already indicated, the developers have really gotten behind the power curve, so to speak, and need immediate help to avoid being manifested in the BoC's list of non-performing loans. It was reported a couple of months back that manufacturing at consumer-based outfits like Kelon has slowed alarmingly. Hopes undoubtedly are that home-buying will put the spurs to consumption. The pet device of many an economist: consumption of household goods. Right? ----- I see, too, where Hong Kong is finally making a move to correct the annoying disparity between inter-bank and consumer interest rates. That's good. People ought to look around...observe. Who is making better use of the recent turmoil? And not because they're any better or worse-off than others.