I hope you’ve enjoyed my running commentary on China over the past few issues. These "travel pieces" provide the opportunity to step back from the daily action in the market. It is always important to take a moment to consider the macro-trends that are playing out around the globe.
I find the cultural differences between the U.S. and China fascinating. And I also believe that by gaining an understanding of the Chinese culture, and the perspective of its people, we will become better investors in Chinese companies.
AIG just doesn’t get it. First, there was the corporate boondoggle to some spa in California, then there were the bonuses that were paid presumably out of TARP money. Now an anonymous source is telling Bloomberg that 130 management level employees will be getting "retention" bonuses.
There?s one thing you can say for the current stock market ? it gives me plenty to talk about. Oil prices were down $10 at one point today. Interestingly, many of the Oil Services stocks that I cover rallied off their early lows as oil prices fell.
The Summer Olympics in Beijing are now just 79 days away. I, for one, can't wait for the opening ceremonies for a couple reasons ' one's personal, one's business.
And while Chinese citizens cheered, the Torch's journey around the world hasn't exactly been easy. Protestors have dogged the 'round-the-world journey. But despite the controversy, the crowds of Chinese in the Hainan Province were so enthusiastic, I couldn't help but smile.
Emerging market mutual funds were hot in 2005, receiving a record $20.3 billion in inflows. But last year was even better, with inflows rising to $22.4 billion, according to Emerging Portfolio Fund Research. And the love hasn't stopped.
In this issue, Growth Report and Rising Star Stocks Editor Ian Wyatt breaks down the Baidu (Nasdaq: BIDU) IPO and reflects on the lasting importance of an IPO that occurred ten years prior - that of Netscape.
China Stocks
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