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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Dave Doriguzzi who wrote (17986)	8/26/2003 11:26:40 PM
From: Rock_nj	Respond to of 57684

I agree wholeheartedly re: China and it's horrible human rights record and crony communism that can't be trusted. But, as they say, don't fight the trend. You saw what the Chinets did last week, that's just a taste of what they'll do this fall. And, yes their accounting is suspect. I wouldn't trust Chinese accounting. But, some of them are accounting by U.S. standards and reporting to the SEC on a quartley basis (even though they aren't required to), so at least they're trying to get with the accounting program. In any case, if there is no accounting scandal, the Chinets will run hard this October, especially if they're still showing tremendous growth. I agree that they are overvalued here. P/Es in the 300s. But, if the growth continues to be explosive it will take care of that quickly (same arguements made in U.S. bubble I know, but the Chinets are only midway through their runs I believe).