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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (2407)1/8/2004 7:33:13 PM
From: RealMuLan  Read Replies (1) of 6370
 
Jayhawk Fund Manager Sees China's Economic Boom Continuing
NEW YORK (Dow Jones)--The economic boom in China will continue, predicted Kent McCarthy, manager of the Jayhawk China Fund.

In an interview with CNBC on Thursday, McCarthy said that while he invests in many names that regular investors wouldn't be able to access, he also buys American Depositary Receipts - securities that physically remain in a foreign country but are traded in the U.S.

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One of his long-term favorites is Internet company Chinadotcom Corp. (CHINA). He said the company has a portal business it will spin off, and generates cash.

And China's three major portals, Netease.com Inc. (NTES), Sina Corp. (SINA) and Sohu.com Inc. (SOHU) have "explosive business models," McCarthy said.

China also has blue chips such as PetroChina Co. Ltd. (PTR), which he said can give investors a decent amount of diversification.
sg.biz.yahoo.com
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