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- China: Slowing Economy, Rapid Credit Growth? [view article]
- China: Market Breaks Below 2300 [view article]
- Investing in China: The Long Term View [view article]
- China: What a Real Bear Market Looks Like [view article]
- Is the Chinese Market Overvalued? [view article]
- China Still Needs Revaluation, but How Much? [view article]
- Can China Carry the Post-Olympic Torch? [view article]
- China: Post Olympic Slowdown [view article]
- International ETF Update: China, Japan, Austria [view article]
- U.S. Credit Woes Spill Into China [view article]
- China and Starbucks' Late Stage Growth Obesity [view article]
- Is the China Growth Story Coming Unglued? [view article]
loading ...Recent PGJ Articles
- Is the PBoC Running Out of Capital?
- China: Market Breaks Below 2300
- Investing in China: The Long Term View
- China Still Needs Revaluation, but How Much?
- China: Slowing Economy, Rapid Credit Growth?
- Can China Carry the Post-Olympic Torch?
- U.S. Credit Woes Spill Into China
- China: Post Olympic Slowdown
- Is the China Growth Story Coming Unglued?
- China: What Comes After the Olympics?
- Full List of Articles »
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Can China Carry the Post-Olympic Torch? [view article]
I'll begin with the observation that the author, C.S. Jefferson, is a near illiterate. Before the author posted his long panda-hugging article, it would be good if he first used a dictionary. For his information, it's (a) "kowtowing," not "cow-towing" (although I would really love to see a cow being towed, but that's not what Jefferson meant); (b) "really" instead of "reely"; and (c) "dissidents" instead of "dissonants."...Now, onto some of Mr. Jefferson's subtantive claims.
(1) He wrote "This Olympic event captured...in spirit, our potential as a global community to both compete and participate on level terms when the rules are fair, and the game isn't rigged." Hello? Has Jefferson not been paying attention to the news at all? What about the suspiciously below-age Chinese female gymnasts?
(2) The author opines that "China's rise should not be feared." Try telling that to India (which has disputed border claims with China), Vietnam (which also has disputed territorial claims with China, over the South China Sea), Japan (whose aggression against China continues to be regularly invoked by Beijing to stoke populist anti-Japanese nationalist passions), to name just a few.
(3) The author puts his entire emphasis on China's increasingly capitalist economy, but conveniently glosses over & outright ignores China's government and political system, which remain a one-party dictatorship. Does the author not know that political dictatorship + capitalism = fascism?
(4) Given this, when Jefferson writes that "it should be a matter of public policy for the United States to openly embrace China because China represents a global power that helps to restore stability and balance in the world," I can only wonder if Jefferson would make the same recommendation about Nazi Germany, Fascist Italy, and Imperial Japan? All three countries had a capitalist economic system and a dictatorial government.
But then, one can hardly expect Jefferson to write anything critical about China because doing so would definitely put a damper on what he really is about--$. In the end, his disclaimer says it all: "Disclosure: Author holds positions in some of the above-mentioned securities."
Way to go, Mr. C. S. Jefferson!
Reply
Can China Carry the Post-Olympic Torch? [view article]
It is extremely rare nowadays to find an unbiased report about China.Since the Lhasa incident in March, there has been a relentless orchestration of anti Beijing news reports. Mr. Jefferson's article deserves a gold medal for unbiased reporting. As a Canadian, I salute him for his courage and wisdom. ReplyCan China Carry the Post-Olympic Torch? [view article]
I have read this article many times and have forwarded it to more than 30 good and serious investor friends. Thank you agian. ReplyChina: Post Olympic Slowdown [view article]
JTB, many of the investment banks regularly publish data on vacancy rates, although these are not always reliable. There was a bank bailout in the late 1990s and early 2000s that, according to the World Bank, cost China about 55% of GDP. My guess is that in case of a economic slowdown we will again see NPLs rise. As HT points out the bankruptcy law here is still complex and poorly understood. No one knows how it will be enforced in the case of a sharp rise in bankrupticies. ReplyCan China Carry the Post-Olympic Torch? [view article]
Intriging commentary and observations, in a progressive positive outlook! Carry on , bravo. thank you.Reply
Can China Carry the Post-Olympic Torch? [view article]
great artical Mr Jeffersoni,m in Austrailia and are economy has exelent growth because of China demand for our commodities and resources ......keep the articals comming Reply
Can China Carry the Post-Olympic Torch? [view article]
I have a question Mr Jefferson:You state a revalution of the Yuan would:
''And this would, over time, make assets in China extra ordinarily undervalued such as real estate''
Can you explain in short terms what you mean.
Are you stating that currently in USD/Euro etc terms Chinese Fixed Assets (real estate) are cheap due to the undervalued yuan.
Or are you stating, as the Yuan strengthens against world currencies that this will create a wealth mechanism (from increased domestic buying power) that will make Chinese Fixed Assets more affordable.
Very interested in your opinion.
Reply
International ETF Update: China, Japan, Austria [view article]
Every day, in IBD, there is a chart on an ETF. However, the volume on some of these issues is relatively small. Question: Is there a critical point under which it makes no sense to follow a particular ETF? A few days ago, I took a small position in FXI, which generally has large volume and, thus, small bid-ask spread. Comments? Replyinvestments
Can China Carry the Post-Olympic Torch? [view article]
very interesting take on the global markets. I haven't really tried any of the global platforms but these are interesting plays I might look into once the markets settle down a little more ReplyCan China Carry the Post-Olympic Torch? [view article]
I think those are good investment idea usually not discuss in the news. I also think we should try to me friend in the word not emenies. Replyst
Can China Carry the Post-Olympic Torch? [view article]
I do agree with the author that China may be our most important ally in an unstable world. It's not just about free trade but about having a superpower that believes in capitalism and helps secure the peaceWith Russia, Middle East, who else can America count on? Europe? France?
China could be our best ally because they are not run by radical sheiks and religious fanatics. Reply
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Can China Carry the Post-Olympic Torch? [view article]
outstanding article on the Chinese markets and without question, the closure at the end of the article on investing directly in China is better than any analyst I've ever heard ReplyChina: Post Olympic Slowdown [view article]
It is my understanding that China has no bankruptcy law. After Sichuan earth quake, there was a discussion of passing a bankruptcy law allowing the victims to declare bankruptcy. In the end, the central government ordered banks, all government owned, to write off all debts by earth quake victims. It is inconceivable that the Chinese government will allow government-owned-entit... to go "bankrupt". This is politically untenable. ReplyCan China Carry the Post-Olympic Torch? [view article]
I normally just read articles and don't comment. But this one really trigger me to put something down. I think it is one of the most objective, unbiased and comprehensive analysis for China. Simply put, this is the best article I read in the past several months. ReplyChina: Post Olympic Slowdown [view article]
Michael, you have given the market some great information and insight, I thank you.It is my understanding that there is a huge excess capacity in industrial real estate. Do you have any information on current vacancy rates and any projections for next year assuming the economy weakens? What is the range of loan/value ratios that banks in China require?
I also heard that there was a major bank bailout 3 years ago. I wonder how large the NPL problem is and how it would impact FXI? Reply