Category

China

China's Weeklong Shopping Holiday Breaks (Yet Another) Retail Sales Record

From Staff Reports Retail sales during China's weeklong National Day holiday surged almost 350 billion yuan (about $46.7 billion), a 16% increase in consumer spending compared to last year's week of celebration, its Ministry of Commerce reported on Sunday. During the week, Beijing hosted 5.94 million visitors, up 3.5% from last year. In the modern, […]

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Who's Gaining Ground in the Global PC Wars?

By Jason Simpkins Staff Writer The personal computer industry is one of the most competitive in the world, with top guns Hewlett-Packard Co. (HPQ) and Dell Inc. (DELL), battling for market share in the United States and abroad. Moreover, margins for computer makers have come down dramatically, now hovering around 10%. And with wildly fluctuating […]

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Analysts Unhappy with Internal Inventory Audit Report From China's LDK Solar

From Staff Reports Shares of high-flying LDK Solar Co. Ltd. (LDK) fell yesterday (Thursday), even after the Chinese solar wafer maker said an internal audit revealed no evidence of wrongdoing related to the way it reports inventory. Early Thursday, LDK said it conducted an investigation after its former financial controller, Charley Situ, said the company […]

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Four Ways to Profit as China Ignites Global Milk and Dairy Prices

By Mike Caggeso Staff Writer China's ever-growing middle class has driven up the average price of milk around the world, upsetting everyday grocery shoppers but also providing deft investors with opportunities to profit. The newfound demand from the Far East has also raised the incomes of dairy farmers and changed the way milk – once […]

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China-America Joint Venture Warms Otherwise Frosty Relations

By Jason Simpkins Staff Writer What's in a name? For HuaMei Capital Co., it's a history-making example of how U.S. and China entrepreneurs can work together and profit. Investors from the two countries on Wednesday unveiled HuaMei, Mandarin Chinese for "China-America." But company officials promise that HuaMei will be more than a catchy name, or […]

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When Corruption is Low, Your Profits are High

By Martin Hutchinson Director of Global Equity Research Transparency International last week published its Corruption Perceptions Index, ranking 180 countries around the world according to their level of corruption. That sounds like boring goody-goody stuff, suitable only for one of the less-interesting World Bank seminars. But that's not the case: The level of corruption in […]

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U.S. Officials Question Whether 3Com Deal Gives Defense Secrets To China

From Staff Reports China's No. 1 network-equipment maker – a firm alleged to have ties to Beijing's military, as well as past links to Saddam Hussein and the Taliban in Afghanistan – could gain access to U.S. defense-network technology in the proposed buyout of 3Com Corp. (COMS), the Washington Times newspaper reported yesterday (Wednesday). 3Com […]

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Fluor to Build Polysilicon Plant in China

From Staff Reports Site preparation has begun for a Xinyu City, China, polysilicon production plant that will be located adjacent to LDK Solar Co. Ltd.'s (LDK) existing solar wafer manufacturing facilities. Fluor Corp (FLR), the U.S.-based engineering-and-construction company, said it landed a contract worth more than $1 billion to provide engineering, design and other services […]

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China Solar Cell Maker JA Solar to Sell $280 Million Worth of Additional Shares

From Staff Reports China-based solar-cell maker JA Solar Holdings Co. Ltd. (JASO) is selling 6.33 million American Depositary Receipts, worth about $280 million based on its closing price of $44.01 yesterday (Monday), Reuters reported that sources said. The pricing of the deal, jointly handled by Credit Suisse (CSGN.VX: Quote, Profile, Research) and Lehman Bros. Holdings […]

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Profit from China's 'Nuclear Option'

By Keith Fitz-Gerald Contributing Editor You can't help but feel a sense of deja vu. At least I can't. The last time the dollar fell this low and energy was this costly, traders were concerned about a massive recession, we were talking about a scary new economic syndrome called "stagflation," and the Major League Baseball's […]

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