A few years ago, China Mobile whacked Sohu, Sina and other Internet stocks by forcing them to charge lower fees for SMS messages sent from their sites. Later, the government cracked down on fortune telling SMS sent from those sites as well, lowering the income of those firms. Be wary of any state owned firm and any private firm in direct competition with the state.
Check out the article in the LA Times. Chinese are investing in the U.S. now because it is cost competitive. At least some of the FDI to China is money rushing to get in ahead of a revaluation, and once it happens, Chinese money will flow out. www.latimes.com/news/n...
Chinese Lessons [View article]
China Stocks: April Was Kind [View article]
www.latimes.com/news/n...