Reading Time: < 1 minute You can read all this in JRJ.com if you know Chinese. My take on this is policy only works when market does not anticipate this. This time China Central Bank did give the investors (speculators) a surprise. But fundamentally, the growth of economy won’t slow down, and the company earning growth should continue for a while. Even in
Reading Time: 2 minutes This is the report. From the Conference call, it appears they made a mistake on the announcement, I believe there was a typo on the first bullet (should be 40% rather than 24.7% YoY if exclude the large bid in 2006) My comments on the results:
Reading Time: < 1 minute I came back to St. Louis last night after staying in Shanghai for the last 10 weeks. The united 836 flight from Shanghai to Chicago took about 13 hours; it took another 5 hours to get from ORD to STL (4 hours stop over included). At one point during my 4-hour wait, I thought about driving
Reading Time: < 1 minute (Update) Here is a Chinese article explains more details. The minimum balance is RMB 300,000 to open an account inside China. Other restrictions apply. (Original) I was wondering why the Chinese ADRs all rose today. Although I heard the China central bank is allowing domestic bank buy oversea stocks through QDII. This MarketWatch article connected the
Reading Time: 2 minutes There are lots of rankings among B-schools. But I think the best B-school in the world nowadays is China. This seems biased because I am from China. OK how about I say India? Seriously, here are my reasonings: China is at its first stage of captalism. As I said in my previous post “is China imitating the US too closely?” China is
Reading Time: 2 minutes I mean the stocks (SBUX), not the latte. I believe the “so-so” same store sales number for the Q1 is the main reason for the recent drop. The stock is still not cheap by looking at PE (37), with projected rev/earning growth at about 20%. But this is Starbucks, normally they don’t go on sale. Near term, I believe SBUX
Reading Time: < 1 minute I watched an interview on China-CBN last night, the guest is a guy from McKinsey, and he is familar with the consumer trend in China. Some interesting points I took down here: 1) China is the No 4. in the world in terms of GDP; I believe China is No. 1 or 2 receipent of
Reading Time: < 1 minute The bubble is continuing to build up. This afternoon I received a call from people try to selling me stocks “We are an investment company. Have you heard about the stocks lately?” Anyone who has not heard stocks must live in the vaccum or Tibet. Stocks are talked in every gathering. I heard people become
Reading Time: 2 minutes I am aware Chinese are drinking more milks, juice and soda these days. Some notable names include: MengNiu (2319.HK), Yi Li (600887.SS), both are diary makers, MengNiu is NBA sponsor, Yi Li is Beijing 2008 Olympics sponsor, and Huiyuan Juice (1886.HK).
Reading Time: < 1 minute I visited Lan’xi, a small city in western part of Zhejiang Province during the holiday. Lan’xi is famous for “Zhu Ge Cun”, cement plants, Lan Jiang, and a lot agricultural produce. In the old days Lan’xi proudly claimed it as “little Shanghai”, but these days it’s lagging behind neigbouring counties Yi Wu and Pu Jiang on the economy development. It reminds me of Cai
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