James Lewis

Bullish on China After My Recent Visit

Hello Jeff,

You are obviously a very nice, kind, polite person. The chinese very much like foreigners like you, I for the same reason get on with Chinese perople. It is obvious that you connected with the beauty of China just as I did when I made my first trip to China which lasted 6 weeks.

However there is a darker side. Having lived here for a very long time with an open heart, new prospectives develop. You are right in a lot that you say but in other areas such as below you are very very wrong.

Human Rights
Distribution of Wealth
Construction Workers

Beijing Ren I am afriad is right. Until you can speak Mandarin and live in China (mainland china) you dont get full picture. Infact even when you can speak Mandarin, unless you are introduced by another Chinese person you have very small chance of infiltrating into the more subtle, secret aspect of Chinese society. The chinese culture and society has extreme depths, most of the time foerigners are just looking in from the outside behind a piece of glass.

In response to cwang comment, I would like to share my admiration and respect for Wen Jiabao. He is a genuine man who cares about his people. Infact probably one the greatest officials in history of China.

China's Worst Bear Market

Anyone that has studied dow theory understands exactly what has happend here.

This is classic Pyramid scheme, the big sellers currently are the corrupt government officials anyway. The buyers and vicitms are the naive chinese and the corporations who thought they were fund managers.

This is eaxcalty what happend in the nasdaq bubble bursting in 2000. You see the bubble does not burst until those that pumped it up get out. The unlocking period is here....

I predicted the bottom would be at 3000. And planned to buy.
But I have not seen a decent enough capitualtion. The market is very volatile and moves in big swings and because of this I am not sure the bottom was made at 3000.

Long term players this is surely good time to buy your stockpicks.
There are stocks going cheap in some places.
However if you are not looking at fundamentals and are a technical trader, if you wait I think you will get an even better opportunity.

In temrs of people making commens about China, unless you have lived on Mainland China for more than a couple of years and speak chinese it is very hard for you to even come close to understanding he chinese abnd China.

Buy property cause thats where all the ill gained money is going.

james