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  • China Credit Crunch May Cripple Copper  [View article]
    @ Ben, I agree. China is slowing down, but that doesn't mean the downtrend will last long. One piece of evidence is that the Chinese government vows to launch more preferential policies for the less developed central and western areas, DZH News reports, citing a notice issued by the National Development and Reform Commission (NDRC) yesterday. That would offer great potential for growth.
    Aug 8, 2013. 01:11 AM | 2 Likes 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]
    Even if it may be seen as a "national bank", WF is not as internationalized as ICBC. China is undergoing economic restructuring, with complexities and uncertainties. It looks to rebound in the long term, though. Keep an eye on DZH News. You know the answer.
    Jul 23, 2013. 10:25 PM | 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]
    I'd rather call this slowdown "sustainable stabilization". During the process, Chinese and foreign firms based in China will surely feel the pinch to varied degree. BTW, Amber, DZH News is an interesting site to get info on Chinese financial market.
    Jul 21, 2013. 10:49 PM | 1 Like 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]
    Admitting a fault is a good start to correct it. Important to obey local regulations to gain foothold globally.
    Jul 21, 2013. 10:18 PM | 1 Like Like |Link to Comment
  • Lithium Stocks That Could Explode  [View article]
    The author mentioned two miner stocks. How about the Chinese stock market? Any advice? I read DZH News from time to time. But I has yet to get a clue on picking the best stocks.
    Jul 18, 2013. 09:59 PM | Likes Like |Link to Comment
  • Lithium Stocks That Could Explode  [View article]
    drreece, you mean an integrated use of power across these places and functions?
    Jul 18, 2013. 09:53 PM | Likes Like |Link to Comment
  • Why Stocks Continue To Levitate In The Face Of Eroding Economic Metrics: Ask Elizabeth Warren  [View article]
    Well said, Mr. Stuber! Amber, thanks for sharing the financial news site DZH News! Some insights in your article will help me make better choices.
    Jul 16, 2013. 11:01 PM | Likes Like |Link to Comment
  • Why Stocks Can Move Higher  [View article]
    Amber, good point! Thanks for sharing!
    Jul 16, 2013. 05:19 AM | Likes Like |Link to Comment
  • Tencent Continues To Thrive And Soar Higher Despite China's Weak Economy  [View article]
    Tencent has a huge user base, and its users become sort of "addicted" to the QQ app and currently Wechat. That's an amazing competitive edge! DZH News has more on China's financial market.
    Jul 16, 2013. 04:56 AM | 2 Likes 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]
    Baidu missed a chance to buy AutoNavi Holdings Limited earlier. The other Internet giant Alibaba got the chance. That's way Baidu got anxious and rushed to bag up 91 Wireless. DZH News offers sth interesting on China.
    Jul 16, 2013. 03:55 AM | 1 Like Like |Link to Comment
  • Tapering Bets Could Backfire For Stock Bears  [View article]
    Fantastic idea! : ) Anyway, the banking sector shall support the growth of the real economy, as indicated by the Chinese regulators lately. China will hold on to its prudent monetary policy by creating a good financial environment for micro and small enterprises (MSEs) amid a rational credit supply, the People's Bank of China (PBOC) Governor Zhou Xiaochuan said at a conference Monday. DZH News reports.
    Jul 16, 2013. 01:34 AM | 1 Like 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]
    Well said! Gold seems to hit the bottom before swinging to a rally. Look elsewhere of the globe and we may get a full pic. According to DZH News, investment in China's real estate sector increased 20.3 percent year-on-year during the first half (H1) of 2013, 0.2 percentage points greater than the nation’s total fixed-asset investment, fuelling unease about the sector's sizzling growth.
    Jul 15, 2013. 11:03 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Yes, I believe so. Look at the multinational firms growing in China. Look at the Chinese firms seeking fortune overseas. The Chinese tourists, shoppers and business people across the world. Then we can have more confidence in the economy, though sometimes we may take the stats with a pinch of salt. Some leading financial news sites like DZH News could offer new insights into China.
    Jul 15, 2013. 10:20 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    BlueOkie, can you show us some evidence for your skepticism?
    Jul 15, 2013. 10:20 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: Have Stock Investors Dodged The (Correction) Bullet?  [View article]
    hi bartpr, thanks for sharing. So, you prefer market currents like "state of affairs" or guesses to fundamentals?
    Jul 14, 2013. 11:48 PM | Likes Like |Link to Comment