The following news bodes well for investing in Chinese stocks, particularly in the metal industry, an industry that was highlighted as benefiting from China's stimulus plan:
Kexuan Yao, Chairman and CEO of China Armco Metals, Inc. (CNAM), commented
We are extremely pleased to have secured this $12 million credit facility. We see continued evidence that the Chinese economy is on the road to recovery and there has been an increasing demand for commodities coupled with a rising price environment. We believe this additional financial flexibility will enable us to opportunistically grow our distribution business and significantly improve our overall operating results.