From the category archives:
China’s $585 billion spending package is equivalent to the U.S. spending nearly $3 trillion in fiscal stimulus. Massive? You bet it is! Inflationary? Absolutely! A boost to the entire global economy? YES! — Larry
China unveils stimulus package as growth slows Program will spend more than $585 billion to jump-start economy November 10, 2008 (MarketWatch) [...]
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In these unprecedented times in the markets I consider gold a “must-own” investment for many reasons, which I’ve mentioned several times here in my blog as well as in my other writings.
But lately, there’s another reason rising to the surface … China is soon going to make some big buys in the gold market.
Take [...]
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Oct. 6 (Bloomberg) — China’s financial system is safe amid a deepening global crisis and the world’s fourth-biggest economy may be able to maintain fast growth, Premier Wen Jiabao said.
Wen said he had full confidence in China’s economic development and stability, according to the official Xinhua News Agency. The financial system is sound [...]
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In one of my recent blog posts I told you now was a great time to buy Asia — particularly the energy markets — and I gave you three of my favorite Asian energy companies to consider. I hope you did.
The Asian markets are already starting to once again outperform the U.S. markets. To [...]
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Right now I’m on a tour through Asia and judging by what I’m seeing here, there are very few signs of a slowdown!
I am seeing the same vibrant economies wherever I go. In Macau … in Hong Kong … in Thailand (despite yet another government coup) … and in the mother of all Asian [...]
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Yesterday the International Energy Agency (IEA) raised its forecast for global oil demand in 2009 and said it expected Chinese oil consumption to increase after the Olympics. Chinese demand “will likely rebound” with the lifting of measures to curb pollution during the Olympics, it said.
Chinese oil demand is expected to increase 5.7% next [...]
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This report below shouldn’t be surprising. All signs point to another leg up in China’s economy. If you purchased the recommended FXI, hold for big gains!
(U.S. News & World Report) ― The Washington Post reports, “Car ownership in China is exploding, and it’s not only cars but also sport-utility vehicles, pickup trucks and other [...]
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China’s shoppers stock up on cards SHENZHEN (Asia Times) – Chinese consumers, until now recognized as among the world’s most determined savers, are adding credit cards to their wallets in record numbers, with the number of such cards in circulation almost doubled in the first quarter from a year earlier.
The number of credit cards [...]
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Asia is still cooking and posting very robust growth. China’s second-quarter GDP came in at 10.1%, and even though that’s a smidgen less than expectations, it’s still impressive double-digit growth. Meanwhile, India continues to grow at near 9% … Malaysia at 7.1% … Indonesia at 6.3% … and Thailand at almost 6%.
On another note, [...]
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The International Energy Agency reported Tuesday that the oil market will remain tight and supply may not keep up with demand through 2013, despite their weaker demand growth forecast. The agency cut its oil supplies forecast for the next five years, saying that supply will rise more slowly than expected, leaving little spare capacity. Heck, [...]
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