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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (2182)10/2/2007 2:18:34 PM
From: RealMuLan  Read Replies (1) | Respond to of 12464
 
[Pu Er tea]--Of All the Tea In China, 'Puer'
Is the Hottest
With Prices Near a Peak,
Some See a New Bubble;
A Vintage $13,000 Cake
By IRIS KUO
October 2, 2007; Page A1
online.wsj.com

ZHUHAI, China -- In this booming economy, the latest investment fad has everything to do with the price of tea in China.

More precisely, it has to do with the price of puer.

A type of tea commonly pressed into Frisbee-shaped cakes, puer (pronounced "poo-ahr"), was long the domain of a small group of tea collectors. Earlier this year, speculators discovered the tea, driving up its value.
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