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Zeev Hed

03/08/04 6:51 PM

#214913 RE: limtex #214912

Limtex, there is an old economic principle you forget. Yes, China is growing rapidly, but the nature of the beast is that when an economy grows extremely rapidly, capital mis-allocation is almost unavoidable, as a result, every few years, there is a period of retrenchment when that mis-allocated capital is sent to money heaven. I would not be surprised to see such a period in the next two to 4 years.