Boeing predicts that it will sell 3,700 jets worth $390 billion over the next 20 years.
“This makes China the largest market outside of the U.S. for new commercial airplanes.”
Boeing is absolutely right about the next decade or so, but China is entering the airplane business and it won’t be that long until [...]
From the monthly archives:
October 2008
I still remember watching a small Chinese town mayor bet tens of thousands of dollars per hand at a baccarat table at the Macau Sands. I knew this mayor was betting several years of salary on each hand.
Corruption has been and always will be a problem in Communist countries.
Read this link about [...]
Consumers aren’t buying electronic doodads at that pace they were. Sony reported a 72% drop in Q3 profits and warned that the future doesn’t look so good either.
Sony’s stock, by the way, is selling for less than its book value. That’s a discount worth looking at.
Intel has a huge investment division, Intel Capital, that has just invested $170 million into three different Chinese companies.
Intel isn’t givin up on China. Are you?
China Shenhua Energy, China’s largest coal producer, reported a 48% jump in Q3 profits on a 33% increase in revenues.
Approximately 85% of China’s electricity is coal-fired.
NYU Economist and former Clinton administration Council on Economic Advisors member Nouriel Roubini has been uncannily correct about the global financial meltdown, earning him the nickname “Dr. Doom.”
Late yesterday, speaking at a Bloomberg Media forum in New York City, Roubini called for an immediate $400-$500 billion U.S. economic stimulus package focused upon projects [...]
I’ve been talking recently about how the credit crunch may slow project development in both energy and gold. Here are two examples …
Credit Crisis May Block, Delay 20% of Deepwater Rigs, Slow Petrobras Boom As many as 20 of the 100 deepwater oil rigs on order worldwide may be delayed or canceled as [...]
China has 78,000 kilometers of railroad tracks across it but expects that number to increase to 120,000 kilometers by 2020.
To pay for that, the Chinese State Council pledged $292 billion of funding.
Somebody is going to make a bunch of money from all that construction.
With $1.9 trillion dollars in the bank, China hardly needs any handouts. That is why I was surprised to read that the World Bank is going to give China $510 million for reconstruction of the Sichuan earthquake back in May.
That is a fraction of the $147 BILLION that China expects to spend but [...]
The Nikkei traded as low as 7,486 last night, a 26 year low. The Japanese stock market hasn’t been this low since 1982.
Investors are pricing in a major, major recession.
