Re: Counter Currents (China)
Aalan88
07-07-2008, 8:05 PM | Post #2536605
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kerryvan:You may see this as a dark cloud, I don't. They know their weakness and is solving it quickly. In the news lately is deals china is making for oil, shared drilling with cuba, brazil, india, then they buy a drilling company... Interesting, They have the $ and the drive to change the paradigm very quickly..
The real question is can the US learn to be nimble?
Kerry, I'm surprised that you would pose that as the "real question." First, we already know from experience that it doesn't. Just look at our automobiles, our health care system, etc. And second, don't you invest at least as much in China as you do in the US? So why is that the "real question"?
I've arrived at a tactic for dealing with the mixed signals from China. I'm getting out of most of the mutual funds that have a lot of China stock, and just picking stocks. China has a lot of overvalued stocks; industrials which may be hurt by energy costs; financials with who-knows-what shenanigans hiding off the books. My picks so far:
SOHU (internet)
LDK, TSL (solar energy)
CMED (medical technology)
CAEI (architecture)
Generally, these are relatively cheap, require minimal energy inputs, and can still export their products.
I invite your comments and suggestions.
--Aalan
Topics
China
class
health care
solar energy
technology
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