Category

China

Analyst Sees $1 Billion Market Opportunity and Substantial Upside for China Fire & Security

By William Patalon III Managing Editor Money Morning China Fire & Security Group Inc. (CFSG), China's leading maker of fire-safety equipment and systems, has a $1 billion opportunity in its home market, thanks to a newly enacted fire code few industrial companies have complied with yet, an analyst wrote in a research note. Michael H.V. […]

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Why the Chinese Trade Boom Could Cause the Country to Go Bust

By Jason Simpkins Associate Editor China's trade surplus for the first 10 months of the year expanded by 59% to $212.4 billion, easily eclipsing the full-year record of $177.5 billion set in 2006. According to figures released by the General Administration of Customs, October's trade surplus rose 13.6% from the same month last year, to […]

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China's Growth Will Clear $340 Billion Worth of Airliner Sales for Takeoff Over the Next 20 Years

By William Patalon III Managing Editor Money Morning When Europe's Airbus SAS picked off nearly $50 billion worth of airliner orders from Middle East air carriers at the opening of the Dubai Aerospace Air Show this past weekend, analysts portrayed it as a huge victory over U.S. rival Boeing Co., (BA). Once again, the gloom-and-doomers […]

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ArcelorMittal Edges Its Way Into China

By Jason Simpkins Associate Editor The world's largest steel company, Luxembourg-based ArcelorMittal (MT), expanded its presence in China last week when it acquired a 28% stake in a Chinese steel mill for $647 million. The company announced last Wednesday that it is now a minority shareholder in China Oriental Group Co. Ltd., whose main asset […]

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China's Commodity Consumption Fuels Hyundai Heavy's Record Profits

By Mike Caggeso Associate Editor China's enormous importing and exporting demands had a huge hand in record third-quarter profits for the world's largest shipbuilding company, Korea-based Hyundai Heavy Industries Co. Profits rose to $479 million (434.7 billion won) from $232 million (210.7 billion won) a year earlier. Demand from China is fueling record earnings for […]

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China Gets the Buzz, but India Gets the Cash, and Leads in Private Equity Infrastructure Investment

By Mike Caggeso Associate Editor Throughout 2007, India has attracted more private equity investments ($10 billion total) than any emerging economy, including China, according to a report from the India-focused advisory firm IndusView. Comparatively, China only attracted $8.3 billion during that period. Last year, China received $13 billion, compared to the $7 billion by India. […]

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Alibaba Strikes It Big In Hong Kong Offering

By Jason Simpkins Associate Editor One day after oil giant PetroChina Ltd. (PTR) made its debut raising $8.94 billion, Alibaba.com Ltd. yesterday (Tuesday) became the latest beneficiary of the frenzy over Chinese stocks. The business-to-business arm of China's biggest Internet company, Alibaba saw its shares nearly triple after its initial public offering (IPO) listed its […]

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Three Ways to Buy the "Other" China for Growth and Profits

By Martin Hutchinson Contributing Editor PetroChina Company Ltd. (PTR) became the world's first trillion-dollar company on Monday, when its initial public offering (IPO) soared to three times its issue price on the Shanghai market. It more than doubled the value of its Hong Kong shares.  Moreover, the Shanghai stock market is up 160% year to […]

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PetroChina Leapfrogs Exxon Mobil as World's Largest Company; But China Shares Wobble

By Jason Simpkins Associate Editor Shares of PetroChina Co. Ltd. (PTR) soared during its Shanghai initial public offering yesterday (Monday), making the state-owned oil and gas giant the largest company in the world by market capitalization. The Beijing-based company raised $8.94 billion, driving its total market value north of $1 trillion. PetroChina is now twice […]

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General Motors Shifts into Growth Mode by Driving a Cleanup Effort in China

By Jason Simpkins Associate Editor Most experts view the pollution problem in China as one of the world's biggest problems. But General Motors Corp. (GM) Chief Executive Officer Rick Wagoner views it as one of the world's biggest business opportunities. With incomes soaring and a new wave of middle-class consumers emerging across China, car and […]

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