|
China has since built expressways based on German, American, and Japanese models. And honestly, the concept of "A Bear in America" is equally appropriate.As China is keeping the Renminbi cheap it also fueled a housing & property bubble in China's leading economic cities of Beijing, Shanghai, and Shenzhen. With cheap money, be it cheap for real reasons, or artificially cheap, people have to park their money somewhere. Eroding Communist ideology mixed with the currently growing Authoritarian Capitalism in practice, no sense of morality, and rampant greed. Emerging China: The People's Republic of Tomorrow.AppendixIndexRogers lists specific companies and profiles them in several different industries.
INFRASTRUCTURE: Infrastructure is the big plus for China. Risk: The Perils of Success3. Planning well and building fast. Tourism: Up, Up, and Away7. Rogers travelled throughout China in the late 1980s and in 1988 China didn't have one single expressway. Roger's focus is on the economic-sphere. Companies: Let a Thousand Brands Bloom4. Hence, the bubble(s).
"A Bull in China" is pretty appropriate for today. Transport: Paving the way6. When Jim rogers writes I read him and when he speaks I listen to him. Energy: Not so Black5.
This is critical for foreign companies located in China to move product by road to ports. 105). CHAPTERS: 1. It might sound redundant but it's worth saying again. Agriculture: Have You Invested Yet.8. Health, Education, Housing: Serve the Masses9. This info is only a couple of years old, but these companies will have to be re-evaluated by any reader that has the interest in doing so. Worth noting is that while China is and will be the economic power-house of the future it's a controlled society that is afraid of Google and YouTube.
A comprehensive book with lots of details. Rogers notes that the price of an average apartment in Beijing in 2006 was 13 times the annual average salary of its local residents. This is a book for those who want specific information on specific investing. At the end of 2006, eighteen years after Rogers 1988 visit with none, China had 28,210 miles of expressways (p. Investing: From Mao Caps to Small-Market Caps2. Similar to the USA, but with a different form of eclecticism.
Great book about the future of China and the implications for the rest of the world.
Not having been much more than your typical American investor buying primarily American equities, I found Diamond Jimbo's book to be a nice introduction to direct foreign investment. All you have to do is transfer money from your brokerage account to your global trading account, then convert the money over to HK$ (note, 1 $US = 7.75 $HK), which costs about 20 bucks. He's giving a broad range of starting points in various industries. Rogers makes some convincing arguments about why one should invest in China, all the while cautioning us that we should do our homework on any company, no matter where it is. Note that stocks traded on US markets via ADRs or in a Matthews Asia mutual fund (stock example: Tencent Holdings) tend to be more expensive than those strictly listed in Hong Kong AND not owned by mutual funds.The book's a good starting point and now's the time to buy before the recession's over. If you already have a brokerage account with E*TRADE, all you have to do is fill out an online form and bingo-bango you've got an additional account.
You can't just set up an account at Fidelity Investments and trade B-shares til your heart's content.Be that as it may, there are plenty of H-shares discussed in the book and these can be traded through E*TRADE via a global trading account.
However, some of the stocks (A- and B-shares) that he listed are traded only on the Shanghai or Shenzhen exchanges, which are supposedly available to foreign investors.
Note, however, that when you buy, you have to buy a certain amount (like 200, 1000, or 2000 shares, for example; see http://www.hkex.com.hk/tradinfo/stockcode/eisdeqty.htm for more on that).
Bear in mind that he's just tossing out ideas, not recommendations.
(Note: you can trade on six different exchanges via E*TRADE's global trading: Hong Kong, France, Germany, England, Canada and Japan).
Getting access to these exchanges has, however, proven somewhat challenging--if not impossible--to my domestically based derriere.
As far as I can tell, you have to open an account in a Chinese bank IN CHINA (or something along those lines) in order to get trading access.
I basically created a spreadsheet of all stocks Rogers mentions that I could buy through E*TRADE global and considered only those as a starting point.
Good hunting.
The book is very interesing. I started reading it as soon as I received it and it has some very good insights into the market.
This book was pretty superficial with long lists of stocks (very little information on merits of each).And while I do agree that China is the next superpower, this book sounded a lot like propaganda (not balanced).
|
