Chinese Cheer
Saturday, 5 July 2008
Friday, 4 July 2008
Credit Suisse Calls for a rebound in July
Our tactical indicators suggest taking a net long position in July following the heavy sell-off of Asian equities last month.
Six indicators with positive signals. This is a massive increase compared to last month, where only one indicator scored with a positive signal (EPS revisions). They range from price technical, earnings revisions, valuations and liquidity pattern. On the other hand, two indicators have negative signals: the OECD lead indicators and the rising volatility of Asian equities.
Full article here
Six indicators with positive signals. This is a massive increase compared to last month, where only one indicator scored with a positive signal (EPS revisions). They range from price technical, earnings revisions, valuations and liquidity pattern. On the other hand, two indicators have negative signals: the OECD lead indicators and the rising volatility of Asian equities.
Full article here
Thursday, 3 July 2008
Sarkozy not wanted at Olympics
Chinese people do not want French President Nicolas Sarkozy’s to attend the opening ceremony of the Beijing Olympics, according to the results of a survey published on Wednesday.
Read comments for full article
Wednesday, 2 July 2008
China rules no skimpily dressed bar staff from Oct
BEIJING - CHINA’S government has told discos, karaoke bars and other entertainment venues to install windows in private rooms and ensure staff dress modestly from Oct 1 as part of an effort to crack down on prostitution and drugs.
According to rules released on the Ministry of Public Security’s website, entertainment venues must install transparent partitions between rooms that ensure ‘the whole environment of the consumer’s entertainment area in the room can be seen’.
‘When open for business, the transparent part of rooms and windows to rooms at singing and dancing entertainment venues must not be obstructed,’ the rules say.
Discos, karaoke nightclubs and other bars in China frequently have private rooms for hire, and are a favourite places for businessmen to entertain guests, sometimes with prostitutes, which is illegal in China.
Staff clothing is also covered in the new rules. ‘Staff members should dress tastefully, and not be too exposing.’ Other rules demand closed circuit television cameras be installed and security guards placed at discos. -- REUTERS
According to rules released on the Ministry of Public Security’s website, entertainment venues must install transparent partitions between rooms that ensure ‘the whole environment of the consumer’s entertainment area in the room can be seen’.
‘When open for business, the transparent part of rooms and windows to rooms at singing and dancing entertainment venues must not be obstructed,’ the rules say.
Discos, karaoke nightclubs and other bars in China frequently have private rooms for hire, and are a favourite places for businessmen to entertain guests, sometimes with prostitutes, which is illegal in China.
Staff clothing is also covered in the new rules. ‘Staff members should dress tastefully, and not be too exposing.’ Other rules demand closed circuit television cameras be installed and security guards placed at discos. -- REUTERS
Tuesday, 1 July 2008
Monday, 30 June 2008
HK market may not have seen bottom yet
Analysts expect more bad news this year
Read full article in comments
Read full article in comments
Sunday, 29 June 2008
Reaction to LKY's Speech on the Possibility of a Freak Election
Some notable reactions gathered from various places.
China Bulls Get Shanghaied
“Every time bubbles pop, they tend to go down 80%, even as much as 90%,” says Nicholas Vardy, who edits the Global Guru and Global Stock Investor newsletters from his home base in London.
So, where would the ultimate lows be? “1,200, that’s where I’d put it,” says Vardy. That’s another 50%+ decline from Shanghai’s current price around 2,900.
Read full article in comments.
So, where would the ultimate lows be? “1,200, that’s where I’d put it,” says Vardy. That’s another 50%+ decline from Shanghai’s current price around 2,900.
Read full article in comments.
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