Some China critics have cited the wide disparity between the coastal urban cites and the rural interior areas. The per capita income of the average urban residents is now 17175 yuan, versus 5153 yuan equivalent for rural residents. That 5153 yuan translate into roughly US$775.
So the Chinese city slickers make 3.3 times more money than [...]
From the category archives:
Asian Market
In Japan, Bloomberg reports that JFE Steel has signed coking coal contracts at $200 per metric tonne (55% increase) with BHP Billiton Mitsubishi Alliance and this contract is for the April-June period, implying that quarterly contracts have come through. Historically the settlements reached by the Japanese steel mills tend to be accepted globally. And China’s [...]
China Shuangji Cement (CSGJ.OB) said its expect strong demand in 2010 and beyond for cement.
“Analysts are estimating that China’s overall demand for cement in 2010 will rise by almost 12%, about 188 million tons from 2009 levels.”
What do you think that means for Anhui Conch Cement that ASA subscribers own?
Coca Cola CEO Muhtar Kent says that Southeast Asia, lead by India and China, is roaring back from the global recession.
“The emerging world is in a healthier situation as we are exiting the tunnel,” said Kent.
And he warned that Japan, the U.S., and western Europe were not going to rebound any time soon. [...]
First of all, Twitter is banned in China but some company is certain to fill that void.
That company is Sina.com, which uses a combination of celebrities (actors, musicians, models) and well-known business leaders to author blogs. Those blogs are wildly popular and earnings at Sina are booming.
Sina.com is China’s largest internet portal, comparable [...]
China unveiled their military budget for 2010 it is a staggering $78 BILLION. China has increased its defense spending by an average of 10% a year for the last decade.
That sounds like a lot of money (and it is) but it is dwarfed by the $636 billion the U.S. will spend this year. Nonetheless, [...]
Remember the old days when the U.S. and Russia battled it out for space superiority? In the not-to-distant future, the rest of the world may be trying to catch up to China.
China is preparing to launch the first module of its space station, called Heavenly Palace. From there, China has plans to land a [...]
I’m glad we sold Shanda Interactive when it was near $50.
Shanda Interactive reported a 49% increase in sales but only a 13% increase in profits. That tells me two things: (1) the online gaming market is still a great business to invest in but (2) SNDA is not the company to buy.
Two different surveys showed that the Chinese manufacturing sector is still healthy and growing.
The HSBC Purchasing Managers Index hit 55.8 and the The China Federation of Logistics and Purchasing survey was 52.0 in February. Any reading above 50 is considered to be healthy.
Fidelity has a new closed-end fund to offer its U.K. customers: a $950 million China fund.
The Fidelity China Special situations will invest in a portfolio of China and Hong Kong-listed securities and will be managed by the U.K. version of Warren Buffet, Anthony Bolton (no relation to Micheal).
I’m not suggesting that anyone invest [...]
