Here is a link to a great article that describes the entrepreneurial enthusiasm that dominates Chinese business.
“That word - growth, GROWTH! - is spoken in bold letters and with exclamation marks here.”
Related Posts
- Top China Plays (07/09/08)
- China’s big picture (07/18/08)
- Auto sales in China dropping fast (12/11/08)
- The tireless Indian work ethic (05/26/09)
- Obama visits Great Wall of China (11/18/09)
{ 2 comments… read them below or add one }
Hi, Tony. I just heard on the last segment of NPR’s “Marketplace” (9/29) that some of China’s market stats don’t match up. The one example I can think of was this: 1200 new cars a day are hitting the roads in China; why, then, are they using less gas? Unfortunately, I tuned in a little late, had to get out of the car, etc., so I don’t have another example. But I assume in the above example they were talking about gasoline (as opposed to natural gas or some other “gas”); and I would have to assume that all these new cars on the road are not electric, maybe not even hybrids? I don’t know, but I’m hoping you’re aware of this broadcast so you might be able to shed some light on this skewed-statistics thing they’re talking about. There was/is no question the Chinese economy is growing, but there are some specific examples that don’t add up. Thanks.
I bought some shares of Toyota on the basis of your first hand knowledge of what brand of car was most prevalent on the streets of China. Now, just a few short weeks later the stock has dropped $10 a share. Luckily I’m not in with more than a few shares but it is still a loss, especially considering the fees involved on my IRA account with BB&T. I do realize the change in government in Japan has affected companies. Do you see a turn around?