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Jessica Sun

Jessica Sun
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  • China Credit Crunch May Cripple Copper [View article]
    I've confidence that China's new leadership will guide its people towards a more prosperous growth. DZH News is one of my key references in my investment in the Chinese market.
    Aug 8, 2013. 01:28 AM | 1 Like Like |Link to Comment
  • Sign of the times: The world's largest bank by market cap is no longer a Chinese one as Wells Fargo (WFC) overtakes Industrial & Commercial Bank of China for the top spot. ICBC had wrested the #1 ranking from Citigroup in 2007 as the Western credit bubble was just beginning to blow. "There's been a complete 180 degree turn in perceived danger," says an observer. "The U.S. banks are exiting danger and Chinese banks are entering." [View news story]
    I read some pieces by DZH News saying that China is conducting economic reforms which are expected to cut risks in the country's banking system on a long-term basis.
    Jul 23, 2013. 10:33 PM | Likes Like |Link to Comment
  • GlaxoSmithKline (GSK) CEO Andrew Witty will reportedly admit allegations of corruption at the company's Chinese operations, with an internal investigation finding evidence of a "huge economic scam" in which senior managers co-ordinated a plan for a number of years to falsify invoices, pay off third parties, and siphon off money for themselves. Witty intends to travel to China to help solve the problem. GSK expects fines of several millions of dollars. Meanwhile, in Nigeria, the firm is running into opposition from minority shareholders in attempt to raise its stake in GSK Consumer Nigeria to 75% from 46%. [View news story]
    I read the article this morning. I think that DZH News is a very useful portal to knowing the Chinese market better.
    Jul 22, 2013. 01:27 AM | Likes Like |Link to Comment
  • Ignore the slowdown in China at your own peril, writes Ben Levisohn after GDP growth slipped to 7.5% in Q2, and Beijing shows little sign of easing policy to re-boost it. Consumer staples and health care stocks with high China exposure like Mead Johnson (MJN) and PerkinElmer (PKI) have recently underperformed (on a relative basis), but also at risk are those in materials, industrials, and IT with a heavy reliance on China: DOW, ALTR, EXPD, GE. On the other hand there's Las Vegas Sands (LVS) - maybe unfairly (relatively) punished for its Macau exposure even as the secular growth of gambling there should offset any cyclical economic weakness in China. [View news story]
    ”Sustainable stabilization" ! Impressive! Thanks for sharing DZH News, david.
    Jul 22, 2013. 01:18 AM | Likes Like |Link to Comment
  • 1% Growth: QE Policy A Failure, Time For A Change [View article]
    China is playing an increasingly important role on the global stage.Thank you for sharing DZH News.
    Jul 18, 2013. 02:24 AM | Likes Like |Link to Comment
  • Market recap: Stocks closed modestly higher (Nasdaq hits 13-year high) after trading in positive territory for most of the session following generally dovish interpretations of Bernanke's testimony on Capitol Hill. The Chairman reiterated the need for accommodative policy and even dropped the "D" word at one point. Bank of America topped estimates, Caterpillar slid on a very unwelcome Jim Chanos short call, Abbott turned in a mixed quarter, DuPont got a lift from Nelson Peltz chatter, and Yahoo soared following Tuesday evening's Q2 report. Housing starts missed expectations and gold fell (John Paulson isn't worried). [View news story]
    Tax cuts for micro and small enterprises? Good news for them! Thank you for sharing DZH News.
    Jul 17, 2013. 09:58 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The depressed macro-economic environment is weighing down the global labor market.

    Thanks, Amber. Interesting website focusing on the Chinese market!
    Jul 17, 2013. 01:58 AM | Likes Like |Link to Comment
  • Market recap: An 8-day rally is history as stocks finish marginally lower. The Dow wasn't helped by Coca-Cola, which fell after Q2 revenue missed estimates and unit case volumes fell in Europe and North America. Shares of Tesla fell hard after Goldman said the stock's valuation was only warranted in the best case scenario. Speaking of Goldman, the firm's Q2 came in above consensus, but shares slid after a downgrade and questions were raised about the quality of the beat. Johnson & Johnson topped estimates despite pressure on device sales. Bernanke begins his testimony on Capitol Hill tomorrow. [View news story]
    Amber, does DZH News focus on the Chinese financial market?
    Jul 16, 2013. 10:15 PM | Likes Like |Link to Comment
  • Why Stocks Continue To Levitate In The Face Of Eroding Economic Metrics: Ask Elizabeth Warren [View article]
    Thank you for your sharing articles by DZH News.
    Jul 16, 2013. 09:18 PM | 1 Like Like |Link to Comment
  • Why Stocks Can Move Higher [View article]
    Thank you for your sharing, Amber.
    Jul 16, 2013. 06:12 AM | Likes Like |Link to Comment
  • Tencent Continues To Thrive And Soar Higher Despite China's Weak Economy [View article]
    BTW, WeChat boasts a huge number of overseas users.
    Jul 16, 2013. 06:12 AM | 1 Like Like |Link to Comment
  • Baidu (BIDU) is acquiring top Chinese mobile app distributor 91 Wireless from Hong Kong-listed NetDragon and minority shareholders for $1.9B. 91 was estimated to host ~900K Android apps from ~93K developers (#1 in China) at the end of 2012; the company has also developed several popular apps. Baidu is paying steep multiples for rapid growth: NetDragon's mobile ops posted 2012 revenue of $46M, and Q1 revenue of $23.6M (+42% Q/Q and +219% Y/Y). The deal follows Baidu's purchases of video sites PPS and iQiyi, and is another step towards building a Google-like mobile ecosystem ... and perhaps also lowering its search dependence in the face of growing competition and mobile monetization issues. 91 competes with Qihoo's (QIHU) Mobile Assistant app store. [View news story]
    Yeah. Many investors have bet on the wise decision, sending Baidu's stock price higher these days.
    Jul 16, 2013. 04:29 AM | 2 Likes Like |Link to Comment
  • This just in: Gold had its biggest rally in nearly two years last week, gaining 5.4% to $1,278 per ounce. The move came as large speculators raised bullish bets 4.1%, according to CFTC data. Bernanke's dovish comments were a nice excuse to buy, but about a 30% decline in price this year may have been a better one. "Gold may have gotten oversold and was due for a bounce, but a bounce doesn't a bull market make." says equity trader John Goldsmith. GLD is flat, but the metal is up another 0.5% today to $1,284. [View news story]
    Yep. Markets are full of changes. People are awaiting Bernanke‘s remarks on July 17, which is projected to play a key role in deciding the movement of the gold price. DZH News
    Jul 15, 2013. 11:24 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: Have Stock Investors Dodged The (Correction) Bullet? [View article]
    Thank you for the great post.
    Jul 14, 2013. 11:49 PM | 1 Like Like |Link to Comment
  • Turmoil And Transition In China [View article]
    Chinese officials' statement highlight their determination to reduce risks in the country's financial system on a long-term basis. DZH News
    Jul 12, 2013. 02:16 AM | Likes Like |Link to Comment