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Although “Hot Money” Flees China the Red Dragon Will Emerge From Financial Crisis Unscathed
On the surface, it appears as though the Chinese economy is suffering along with the rest of the world. The economic crisis that has ensnared Western economies is expected to dampen Chinese exports and there is already evidence of capital flight.
But the real story is that China’s foreign exchange reserves – at $1.9 trillion – remain at an all-time high, and the outflow of capital, or “hot money,” will actually deflate many of the asset bubbles that speculative investment has created over the past several years.
Ultimately, the so-called “global recession” that many analysts have projected as a virtual certainty…
20Oct2008 | Money Morning | 1 comment | ContinuedThe View From China: As it Continues to Change, China Offers a Growing Number of Profit Plays to Investors Who are Willing to Look
IN THE AIR, ENROUTE FROM HONG KONG TO JAPAN – The fiery orange sunrise I see out my window is mesmerizing.
I’m always filled with awe over the dawn of a new day, especially during those long trips when sunrise jolts me awake from the kind of cramped, restless sleep familiar to travelers the world over.
On this day, however, I’m wide-awake. It’s the start of the newest leg of my Asian adventure. I’m tucked into seat 11A, and am quickly lost in thought. I keep thinking about different parts of the 15-day investor trip I just finished leading through Mainland China and…
14May2008 | Money Morning | Comments Off | Continued
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