From the category archives:
CEO Roger Agnelli of Vale, a Brazilian iron ore producer, says it expects its iron ore sales to China to be only slightly below 2009 levels. That’s another data point that the Chinese economy is still doing fine.
Not gangbusters like the previous 5-6 years, but still growing at a steady pace.
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The State Administration of Foreign Exchange (SAFE) is the manager of the China’s $2 trillion of cash reserves.
Opps! SAFE began diversifying into equities early in 2007, a move that proved disastrous. Its two biggest blunders were takeover specialist Blackstone and Morgan Stanley. It is estimated that China has lost $80 billion of the $160 billion [...]
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China exported 17.5% less goods in January than it did a year ago. The other side of the trade ledger was even uglier — imports plunged by 43%.
Those numbers aren’t pretty but China still had a $39 billion trade surplus in January.
You still want to avoid any Asian companies that heavily depend on sales to [...]
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Ford, General Motors, and Chysler are dying. The efficient Japanese automakers aren’t doing very good either.
Nissan Motors (NSANY: 0.00 N/A N/A) announced that it will reduce its global workforce by 20,000 workers. That’s about 9% of its workforce.
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China is the world’s third largest shipbuilder but says that it expects new orders to drop by 50% this year.
That is probably good news for shipping companies, like Genco (GNK: 25.46 +0.36 +1.43%), because it means less competition down the road
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I knew this day was coming, but I thought it would take another decade or so — in January, more cars were sold in China than in the U.S.
Here is an interesting statistic: 60% of new cars purchased in the U.S. are bought with a loan but only 8% of cars in China are [...]
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Federal Express is closing down its Asia hub in the Philippines and moving it to Guangzhou.
Why the move? “The market in China is bigger than the entire market of Southeast Asia. China also gave FedEx rights to handle its domestic cargo, which is huge.”
The statement succinctly tells you why China is the most important [...]
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China begin construction in March on $4.35 billion high-speed bullet train that will connect Shanghai and Hangzhou.
A big chunk of China’s $586 billion stimulus plan is for the expansion of China’s railroad system. Have you looked at China Railway (Hong Kong:0390)?
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When Lenovo bought IBM’s personal computer division, it envisioned itself taking over the U.S. computer market. What it didn’t count on was the U.S. falling into such a severe recession that business would fall like a rock.
Lenovo is so pessimistic about the U.S. market that it announced last week that it was going to concentrate [...]
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This article has a nice description of the three ETFs that focus on Chinese stocks.
FXI — FTSE/XINHUA China 25 Index: This market-cap based index consists of 25 companies representing the largest 25 Chinese companies comprising H Shares and Red Chips, ranked by total market capitalization. Index constituents are capped at 10% of the total index.
PGJ [...]
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