This stock was difficult to buy b/c of their issues with delivering results instead of always over promising. Its still got issues so I can't suggest staying in it.
The Differences Between Chinese and U.S. Economic Recoveries [View article]
Good point. I've been wondering as well why the FXI is looking so great as well as BIDU. They both still trade as if they are US stocks. Maybe its just a matter of being controlled by US shareholders.
One point about the China stimulus plan is that most of the projects are only 30% financed by the govt. They have to get 70% of the money from banks causing the huge growth in loans in Dec and Jan. Not to mention the total scope of the projects will dramatically exceed the $584B from the govt.
A-Power: The Stock That Got Away [View article]
The Differences Between Chinese and U.S. Economic Recoveries [View article]
One point about the China stimulus plan is that most of the projects are only 30% financed by the govt. They have to get 70% of the money from banks causing the huge growth in loans in Dec and Jan. Not to mention the total scope of the projects will dramatically exceed the $584B from the govt.