Capitalist Roader Fund
The Shanghai Composite Index (SCI) closed up nearly 2% for the week. China COSCO (601919.SH), the Roader’s best performer this week, delivered a 2% gain, and its long-term prospects improved around expectations that it would successfully win its bid for a rate increase on US west coast [...]
The Chinese new year has only just
started, and already trade tensions are ratcheting up. This is perhaps
appropriate — astrologers tell us that the year of the Tiger is often a
year of instability and conflict — and I suspect things will almost
certainly get worse. The timing of various domestic political events in
the US, China and Europe [...]
I am going to talk here a little bit about the looming trade war
between China and the United States. But I am going to come at it from
a side angle via some historical analogies.
Common folklore
in the United States says that the Soviet Empire collapsed in large
part due to the efforts of American President Ronald Reagan [...]
The rhetoric on exchange rates is
heating up again, even more so than we indicated in yesterday’s newsletter. Following
Premier Wen’s statement that the Renminbi is not undervalued and that U.S.
pressure for dollar “devaluation” felt like trade protection from China’s
perspective, Congressional leaders have been seething and calling for action.
First there was the signed letter urging that China [...]
Has the Chinese export sector become hostage to WalMartization, the
ability of powerful retailers to squeeze vendor profit margins?
The Shanghai Composite Index (SCI) closed down a little less than 1% from the start of the week. On the back of expectations that it would return to profit, China COSCO (601919.SH) closed the week up 2%. On the other hand, Huaneng Power (600011.SH) surrendered its Thursday highs to end [...]
Romani Prodi, former Prime Minister of Italy and frequent Eurocrat, took a moment to speak to room of reporters yesterday at China Europe International Business School’s (CEIBS) Lujiazui Finance Research Centre. Prodi, who is widely derided as a boring and pedantic speaker in Italy, was relatively glib at the conference, [...]
The Shanghai Composite Index (SCI) closed down almost 1% for the week, and all of the Capitalist Roader’s portfolio, from China COSCO (601919.SH) to Huaneng Power (600011.SH) to recent purchase Guangshen Railway (601333.SH), offered similarly disappointing results.
Investors fled Huaneng Power on Friday, driving it to a 3.8% drop following [...]
Fox Business — China in a Real-Estate-Fueled Bubble? Roubini Global Economics Senior Analyst Rachel Ziemba weighs in on China’s economy. (Click for Video 5:20)
All rights reserved, Roubini
Global Economics, LLC. Opinions expressed on RGE EconoMonitors are those of
individual analysts and may or may not express RGE’s own consensus view. RGE is
not a certified investment advisory service [...]
Today’s report that China’s holdings of
Treasurys slipped to US$889 billion in January 2010 surely added grist to
the fire surrounding the heightened tensions in the pivotal bilateral
relationship. These tensions are
coming to a head in U.S. and Chinese legislative sessions and imply that coming
weeks and months may be filled with more posturing as we wend our way [...]