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September 21, 2009 – Comments (1) | RELATED TICKERS: FXP
China's market rise of recent is, to me, an ultimate manifestation of walled garden. I don't believe there's substance behind its growth, but I may be caught on the wrong side of the trade...
Denny K . . . you may indeed be caught on the wrong side of a trade :^/
I spent the better part of last month there and I see no slow down in building and consumption. The slow-down is in exports, so avoid unrealistic trade "green shoots."
Yes, it's a walled garden, but only because the CPC (Communist Party of China) wants to grow the domestic economy. Watch any "official" mouthpieces for real direction (such as http://www.xinhuanet.com/english/index.htm ), for when its announced in their press, its already underway.
p.s. If you have the opportunity, I'd highly suggest that you convert a wad of greenbacks to the "Middle Country's People's Money," aka the RMB.
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