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To: Mohan Marette who wrote (81336)	11/19/1998 1:32:00 PM
From: Lee	Respond to of 176387

Hi Mohan,..Re:.<China> Yuan 'will not be devalued next year'. Thanks for the article. I know they are trying to hold the line but it's pretty hard to see out 12 months from now, especially if the Yen goes to the previous levels of a couple of months ago. The thing China has going for it is that the currency is not an open currency and can't be assaulted so easily. But the regional trade situation may cause undo hardship if the Yen weakens too much. Although, upon further thought, the US is becoming a big importer for Chinese goods. Thanks again, LEe