SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Greater China Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Julius Wong who started this subject3/27/2004 10:22:09 AM
From: Julius Wong  Read Replies (1) of 8334
 
China Syndromes
March 27, 2004
By John Mauldin

This week I have been struck by a wide variety of articles on China. Is it a boom getting ready to change the face of the global economic landscape, or is it a bubble looking for a pin? The answer may be a little bit of both, and as with everything Chinese, at least seen from our shores, can be confusing. Plus, we deal with the issue surrounding the revaluation of the renminbi.

The London Financial Times gives us this bold headline (in 72 point type): "The Chinese boom is bound to end in tears. But it might not end for another 10 or 20 years yet, with bumps along the way."

Stephen Roach of Morgan Stanley writes this week that China is on schedule for a slowdown. "After five days in Beijing, I am convinced that a slowdown in the Chinese economy is at hand. China's leadership is clearly worried about the risks of overheating. And those worries will likely translate into actions that should result in a meaningful deceleration of Chinese GDP growth over the course of 2004. For world financial markets and global commodity markets that are expecting the China boom to continue, a likely soft landing could come as quite a surprise. For China's trading partners who are counting on open-ended support from the Chinese demand dynamic, a slowdown could comes as a rude awakening."

Steve Sjuggerud writes in the Daily Reckoning, telling us "pao mo" (Chinese for bubble): "China in 2004 really is like the NASDAQ in 1999. The waiters and the windsurfers [small investors who are buying anything Chinese] are expecting astronomical returns. But they - and most investors - don't have a clue about what it is they're buying... and they'll likely end up disappointed."

But Andy Carpenter of The China Club shows big returns on his recommended Chinese stocks for his readers and tells us to buy more. Who's right?

frontlinethoughts.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News