The big news of the week out of China was the 25 percent drop in Chinese exports. What didn’t get a lot of attention was the spectacular news that capital expenditures in factories, utilities, roads, and real estate jumped by 32 percent in May or that Chinese home sales skyrocketed by 45 percent in the first five months of this year.
The Chinese economy is back on track, healthy, and growing.
Regards,
Tony
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{ 12 comments… read them below or add one }
I never can see the videos , could I get any help ?
Thank you
The capex is up because that is government expenditures. We already know that infrastructure was to be a big part of China’s $586 billion economic stimulus package, so I don’t see how increased capex spending can really be regarded as a sign of optimism or even as news.
Home sales up 45 pct? Perhaps, though I personally don’t take Chinese government-issued statistics at face value. However, the latest word is that home prices have risen so much in China that buyers are now holding off (http://en.ce.cn/Industries/Property/200906/03/t20090603_19233806.shtml).
As for the Qantas freight business, Australia is a commodity producing country, so maybe China is buying a lot of precious metals, fruit, or any other commodity that might need to go by air. I’ve seen news reports that China has begun diversifying out of the USD by buying commodities, particularly storable ones like copper. Something would have to convince me that the increased Qantas business is actually results from increased Chinese consumer demand. It’s not something we can just imagine.
good morning Tony, after playing it back several times I still could not understand what you said the call letters for the stock were. Spoken to fast for these old ears. I got the FI but could not make out the last . Thanks judy tadlock
Why haven’t I been able to receive your video’s the last 5 days?
I agree with you marty but I dont agree with your views on chinese govt cooking up figures….I mean you cant just cook up another 45% of home sales data!
and plus its all about relative strength. China is much more in a healthy state than US is and has a great room to grow furthur. And the fact of the matter is that as the western economies would continue to stink, China will keep on growing at a good enough pace to place it at a much better position when world would emerge out of this mess. Though the recent stock rallies may be overdone but thats the best place to park your money in the whole world if you really want great gains!
I just subscribed to Larry Edelson’s site at Uncommon Wisdom.com and am wondering if that will give me access to your ideas about the market?
I have been selling US Stocks and buying FXI, EPI, EWZ, and EEM. This has been in part due to your articles over the past year and due to my own observations of debt and growth etc. The commodities are booming; will gold be joining them or with the rise of Asia, will gold just be a no longer needed crisis metal that will fall in the face of the rising third world economy?
I cannot get the video to play. Previously, I had no problems viewing the videos, but now when I click on the arrow to play the video, it sends me to another page and no video block appears.
Stan
I am sttill unable to receive your videos. I have no problems with other videos. Your video link keeps going to a written page. Help!
I can’t get to your videos; what’s up?
Same problem as others – not able to see video
I have the same complaint as so many others. I can’t get your videos….and I can’t listen to
whatever you have to say. For instance, today Tony says ‘click here’ to hear his rec for the best
China ETF to buy. I only get the written page with the short paragraph. Getting realy tired of this!
Tony, have you and Sean ever considered just doing the written updates instead of videos? Or at least to have the text of your videos available as well? You both speak quickly and it’s often tough to catch what you are recommending – especially since Asian names are tough for us Americans to spell – it would be good to see them spelled out in print.