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 ZT - How to Play the China Boom 老宋水晶等股民请进 |
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白丁
头衔: 海归少校
声望: 学员
加入时间: 2004/02/22
文章: 201
海归分: 13636
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作者：白丁 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
近期FORTUNE杂志有两篇有关投资中国股票的文章，各位有兴趣的话不妨找来，上卫生间时有空读读。多听听各路神仙的高见不无益处....恭喜发财!
INVESTOR'S GUIDE 2004
How to Play the China Boom
Investors have been rushing into this red-hot market. But be warned: It's one easy place to get burned. Here, a few safer ways to bet.
By Clay Chandler
Investing in China ought to be a no-brainer. With an economy that has barreled forward at an average rate of 7% for five years running and that will probably advance 9% in 2003 despite SARS, China boasts the world's most compelling growth story. As it rises, China is roiling markets everywhere—driving up the price of commodities from copper to gas, sucking in billions of dollars of investment from foreign multinationals, and fanning protectionist sentiment in Washington, Tokyo, and Brussels. For all appearances, China's transformation from communist backwater to manufacturing powerhouse is a megatrend right up there with the Industrial Revolution.
Little wonder, then, that institutional investors are clamoring for China stocks. Or that Warren Buffett, breaking with his penchant for investing close to home, plunged into China this year, acquiring a 13% stake in China's largest company, state-controlled oil giant PetroChina. But individual investors should think twice before seizing the China bull by its horns. The smarter approach is to dance around it—investing broadly in commodities, for example, or better yet, a well-managed fund that holds a mix of businesses incorporated in and outside the Chinese mainland. Why be cautious? China's equity markets are immature, fragmented, and susceptible to speculative mania. Executives are governed by imperatives that bear scant resemblance to those driving counterparts in full-fledged market economies. And Chinese stock prices are a poor proxy for the strength of the economy.
"One of the first lessons...
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TOO FAST TO LAST?
China Is Too Darn Hot!
Is there such a thing as growing too fast? Yes. And China may be on the brink of burnout.
By Clay Chandler
For years the heated debate among China-watchers has been whether official statistics have exaggerated China's growth. But lately the argument has been turned upside down: Experts are arguing that China's growth has been underestimated. The reality, they warn, is that China's economy is barreling ahead at a rate far faster than the government acknowledges—and perhaps too fast to sustain. That could spell trouble for foreign companies who are investing billions in China-based manufacturing facilities and are counting...
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作者：白丁 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 ZT - How to Play the China Boom 老宋水晶等股民请进 -- 白丁 - (5236 Byte) 2003-12-20 周六, 09:09 (936 reads)
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