An interesting way to invest in China’s growth without overpaying for Chinese stocks--much of China’s stimulus money is going into the stock market--is to invest in Africa, which supplies natural resources to China.
China’s pollution problems and single-child demographic bubble are well known. Less known is China’s water shortage in the north. The desert north of Beijing is growing by thousands of square miles per year.
Wednesday, June 17, 2009
China Insights
Rich Karlgaard attended the Forbes two-day investment conference at the Gleneagles Hotel in Scotland. He reports on these observations that were made about China:
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One of Karlgaard's interesting observations: "First Minister Salmond pointed out that Scottish ideals still carry weight in the world. China’s president, Hu Jintao, carries a copy of Adam Smith’s The Theory of Moral Sentiments."
ReplyDeleteThe Chinese president carries Adam Smith. What books do you suppose the U.S. president carries? Any guesses?
A good contrary-to-mainstream-opinion article on China is here:
ReplyDeletehttp://zerohedge.blogspot.com/2009/06/soc-gen-expect-new-equity-lows-in-h2.html