Posted on April 11, 2011
Emerging Money submits:
By Tim Seymour
Looks like Facebook may have finalized its choice of a local partner as it gears up to create a social networking site in China, and Baidu (BIDU) is the winner.
Sohu (SOHU) is reporting that Mark Zuckerberg and Baidu CEO Robin Li have been talking about putting together a social network and have signed an initial agreement to cooperate.
BIDU is already the Google (GOOG) of China in terms of the web search market. If it can become the Facebook of China as well, look out.
This may be another lost opportunity for GOOG to compete on the global stage, The U.S. search giant has been effectively forced out of China — one of the biggest and fastest-growing web markets — and now
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Posted on April 11, 2011
Emerging Money submits:
By Tim Seymour
Looks like Facebook may have finalized its choice of a local partner as it gears up to create a social networking site in China, and Baidu (BIDU) is the winner.
Sohu (SOHU) is reporting that Mark Zuckerberg and Baidu CEO Robin Li have been talking about putting together a social network and have signed an initial agreement to cooperate.
BIDU is already the Google (GOOG) of China in terms of the web search market. If it can become the Facebook of China as well, look out.
This may be another lost opportunity for GOOG to compete on the global stage, The U.S. search giant has been effectively forced out of China — one of the biggest and fastest-growing web markets — and now
Complete Story »
Posted on April 11, 2011
Econ Grapher submits:
Just a quick update on China’s March month and quarterly trade data. The part that everyone’s talking about is the quarterly trade surplus of virtually zero. Pretty much a first, it got close to there in the three months to April in 2010. But more on this later. First a quick run down on the stats: Exports were up 36% y/y to $152B, Imports were up 27% y/y to $152B leaving the surplus at basically zero. On a quarterly basis exports and imports were both about $400B, down from the high of $458B and $416B respectively in the 3-months to January 2011. On a monthly basis exports and imports were both up about 50% from February (the usual quirks from the spring festival holiday season).
(Click to enlarge)
As can be seen in the little triangles in the chart above there is a bit of a repeat of the pattern
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Posted on April 11, 2011
Ganaxi Small Cap Movers submits:
Chinese Automotive Systems, Inc. (CAAS)
, a leading supplier of power steering components and systems for Chinese passenger automobiles and commercial vehicles, announced preliminary unaudited selected December 2010 quarterly <a href="http://seekingalpha.com/news-article/892627-china-automotive-systems-reports
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Posted on April 11, 2011
Zhong Jin submits:
Last week, news of China raising its interest rate by 0.25% barely moved the market. As reported by the Wall Street Journal, most analysts expected that there would be only one interest rate raise left in PBOC’s pocket this year. They reasoned that inflation would peak during the first half of 2011 and gradually drop in the second half largely due to a higher base.
These analysts might be too optimistic in their forecasts. The first thing that came to mind is a series news stories by both Chinese and English media on the National Development and Reform Commission (NDRC), a powerful economic planning body in China. Near the end of March, NDRC asked Chinese coal miners to keep the coal prices low, as coal is the major input for generating electricity in China. Then, NDRC urged Unilever (UL) and other consumer goods producers to stop raising prices. A few
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Posted on April 11, 2011
Prieur du Plessis submits:
The manufacturing PMIs for March indicate that the pace of the robust global manufacturing sector has moderated. My GDP-weighted PMI for the major economies fell to 56.0 from 58.2 in February.
The pace of expansion in the U.S. eased slightly to a still robust 61.2 in March from 61.4 in February. The pace in the Eurozone also eased to 57.5 from 59.0 in February and easing was widespread. Greece, on the other hand, has seen a moderation of the contraction in its manufacturing sector. The U.K.’s manufacturing sector moderated relatively sharply from a robust 61.5 to 57.1.
As expected, the expansion in Japan’s manufacturing sector was halted as the impact of the terrible disaster is being felt. After registering its second consecutive month of expansion in February, the manufacturing PMI dropped from 52.9 to 46.4. The huge turnaround in Australia’s manufacturing sector in February came to an abrupt end in
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Posted on April 11, 2011
New Finance submits:
Recently, Chinese small cap stocks have been assaulted from all sides with allegations of fraudulent and deceitful business practices. Rino International (RINO) was the first guilty party, but some attributed that to simple statistics; there are frauds in the United States as well.
More recently, China MediaExpress (CCME) came under scrutiny and despite a Big 4 auditor and investments from large market players, it seems the company will also be revealed as a sham. These two combined have shown that even Big 4 audits, investment from marquee firms and “legitimate” on the ground research can’t uncover fraud in every case. This week, two players of the Chinese short game have released independent reports on two different stocks. The latest targets are Duoyuan Global Water and Puda Coal.
Duoyuan Global Water (DGW)
Duoyuan was trading at $6.03 as recently as a week ago, but a report from infamous short Muddy Waters
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