Wednesday, March 10th, 2010

China is finally feeling bullish about the stock markets once again. Just last September, Chinese regulatory authorities suspended all new IPOs following a 60% plunge in the stock market. Now the ten-month blackout is coming to an end, signaling a potentially major shift in investor sentiment. Initial public offerings are in the works for Shanghai, Hong Kong and New York.

Shanghai Trumps New York

During my high-speed tour of China it has been impossible to ignore the contrast between America’s slump and China’s ongoing boom. Everywhere from Hong Kong to Beijing, the signs of growth are simply impossible to miss. Construction cranes dot every skyline, and city stores and streets are jammed.
Obviously China is the right [...]

Billionaire George Soros may be politically controversial in America but his financial track record is still very impressive. He made a fortune by betting against an overvalued British pound and he was among the first to predict the U.S. financial crisis, caused by what he called a credit “super bubble.”

Now Soros is making headlines within [...]

The U.S. auto industry is still reeling from the latest, most unexpected chapter in the Chrysler/GM bankruptcy saga. Now the iconic American brand, Hummer, is being sold to a virtually unknown Chinese company from earthquake-ravaged Sichuan province. The buyer, Sichuan Tengzhong Heavy Industrial Machinery Company is based in Chengdu and it has no experience in [...]

China Phone Stocks Ringing up Profits!

Industry giants China Mobile and China Unicom are currently among the market’s biggest Big Cap gainers. Both companies are soaring in anticipation of a new generation of 3G phones entering the world’s biggest wireless market.
For China Unicom (CHU), it’s all about the much-coveted 3g iPhone. Unicom executives have been in [...]