if you called it back in 09.....it must've been the worst call ever. you have to be down 1000% right now. Today's tankage is no use cuz you've been stopped out 1 1/2 years ago.
All along Chinese growth has been sponsored by the US consumption demand. The day US stops importing Chinese goods the 'commie balloon' will explode in a hurry. Be careful of investing into Chinese stocks.
Almost all the Chinese companies cook the books, and you should know that if you have little knowledge about business. All Chinese products or service are very very cheap, margin is very very low, this is the facts, then how can the companies always report earnings beating estimate quarter after quarter, year after year? Even Chinese GDP is totally twisted, they reported 9-10%, the real number is about 5%, all the local governments make up the numbers to cheat the central government, why? The mayor or governor who reported high growth will get promoted to high rank officer. It is so easy to issue stocks in US and grab money from here, wake up!
Also even now, market reforms in China are very geography centric rather than all accross the board. Many areas in China are still under commie lifestyles.
That is not true. China doesn't have welfare systems like USA. Most people there own some kind of businesses. Either you work or you die there.
That is not true. China doesn't have welfare systems like USA. Most people there own some kind of businesses. Either you work or you die there. [/QUOTE] China does this part better than US, not encourage laziness. US welfare system eventually drags US down to second class country.
One of the simplest scams the Chinese worked on Westerners when they first opened their doors to foreign investors was "Now that you've invested a billion $'s we regret to inform you that the government official who authorized your commitment was not representing the proper gov't agency. We're afraid we'll have to renegotiate your contract.". China, like Russia, is a post-communism thugocracy. Anybody who trusts them is naive.