CFOTOCEO (33.03)

13 Comments – Post Your Own

#1) On November 06, 2009 at 6:13 PM, JaysRage (93.21) wrote:

China is where my money is at.  They are growing while the U.S. is stagnating.   The short-term money that I have right now in the market is entirely in China.  It's not a lot because I've been closing positions during this recent runup and looking for better entry points across the board. 

Of the 25 companies that I'm seriously watching, 18 are Chinese, 3 South America, 2 Europe and 2 U.S.    That is also the order of what the economies will look like next year, IMO. 

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#2) On November 06, 2009 at 6:13 PM, JaysRage (93.21) wrote:

China is where my money is at.  They are growing while the U.S. is stagnating.   The short-term money that I have right now in the market is entirely in China.  It's not a lot because I've been closing positions during this recent runup and looking for better entry points across the board. 

Of the 25 companies that I'm seriously watching, 18 are Chinese, 3 South America, 2 Europe and 2 U.S.    That is also the order of what the economies will look like next year, IMO. 

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#3) On November 06, 2009 at 8:02 PM, CFOTOCEO (33.03) wrote:

So your perspective is China will grow even if the U.S. slows, which means China is not as dependant on the U.S. $$$ of which supports their move to set the oil trades in Euro vice the current currency used for oil which is $$$, and that means once that occurs, they could flush the 90 plus % of the Treasuries they own.

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#4) On November 06, 2009 at 9:44 PM, JaysRage (93.21) wrote:

Yes, China will grow, even if the U.S. slows.   China is expanding its reach globally.   They are ahead of the curve in markets like emerging energy.   They have internal growth in food products and agriculture and technology.   Any of these areas are fantastic plays that are not dependent on the American consumer.   

 

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#5) On November 06, 2009 at 10:57 PM, CFOTOCEO (33.03) wrote:

Does anyone know what percentage of the Chinese economy is dependant on the U.S.?  I once read it was over 60% but that was sometime back.  I do agree there are great plays in China but one must also understand there are risks, perhaps more so than other international markets.  This is why I trade more than invest in China, at least for now.

Please share what are some of your Chinese stocks, why do you own them and what is your prediction far as growth assuming the financials are legit. 

Good posts so far, please keep them coming.

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#6) On November 07, 2009 at 4:32 AM, Aceuphisleev (26.66) wrote:

Many of the Chinese stocks I like generate their revenues from government organizations or are backed heavily by the Chinese government, so I am definitely placing some faith in the idea that everyone will get along.  While this is a risk, I believe it also makes it easier to identify which Chinese companies will prosper.  For example, one stock I own is China Information Security Technology (CPBY), which develops various infrastructure technologies for the public sector.  The government has already awarded CPBY millions of dollars worth of contracts for development projects and will likely continue to do so, meaning the company should generate strong cash flow IF the government follows through on all of these contracts.  If I weren't strapped for cash right now, I would also invest in China Security and Surveillance (CSR), which is in a similar industry/situation and is trading at a lower valuation than CPBY.

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#7) On November 07, 2009 at 4:39 AM, Aceuphisleev (26.66) wrote:

Well CFOTOCEO, I see you must be familiar with CPBY since you have picked it in your CAPS, but look at CSR and China Fire and Security Group (CFSG) as well.  I think these three companies have the potential to be solid investments instead of just short-term trades.  CFSG is well off its high from a couple months ago, making it somewhat more attractive.

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#8) On November 07, 2009 at 2:04 PM, CFOTOCEO (33.03) wrote:

Aceuphisleev,

Thanks, I will give those a good look.  CPBY posts earning on 9 Nov, looks to beat the streat this time around.  I was surprised volume had not picked up on Friday given the news is projected to be positive.  I have traded CPBY six times and have made over 100%.  Sadly, I just started CAPS so I am not in the money yet.  CAPS is pretty neat, thus far.

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#9) On November 09, 2009 at 8:42 AM, CFOTOCEO (33.03) wrote:

CPBY posted earning today, pre-market stock is trading up.  Should be a good day.

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#10) On November 09, 2009 at 8:44 AM, CFOTOCEO (33.03) wrote:

Obama confronts an Asia reshaped by China's rise By CHARLES HUTZLER (AP)

- 3 hours ago BEIJING - Days after coming to power in September, Japan's new prime minister broached forming a new East Asian trading bloc with rival China - one that would exclude the United States.

Some in Washington took it as a snub from the nation that has been America's rock in Asia for decades. Even more, Tokyo's new rhetoric underscored how China's rapid rise to power is challenging Washington's once-dominant sway in the region.

 

This is the reality President Barack Obama confronts as he departs Thursday for his first Asia trip, perhaps his most challenging overseas journey yet. He'll find a region outgrowing a half-century of U.S.

supremacy and questioning America's relevance to its future. More so than Obama's previous foreign trips, this nine-day, four-country tour has the president on something like a salvage mission.

 

The trip also comes at a delicate time for Obama at home.

 

He is wrestling with one of the toughest decisions of his 10-month presidency, a war strategy for Afghanistan, and is urging Congress to approve his biggest domestic priority, health care.

Those pressing concerns make it notable that he is spending so much time away - a sign of Asia's importance to the U.S. and the need to tend to relationships there without delay - though he put off his original departure by a day over the weekend because of Thursday's deadly shooting spree at the Fort Hood military base in Texas. Obama will speak to U.S. troops in Alaska and South Korea, with his much-awaited decision on more troops for the Afghanistan war probably still pending.

 

Obama stops first in Japan, a traditional U.S. stalwart now looking toward closer engagement with China and the rest of Asia. He makes a two-city stop in China, where leaders proud of their country's one-generation leap to prosperity seek a bigger say in shaping the region's affairs.

 

The president also visits Singapore for a summit of Asia-Pacific leaders, where his participation is being cut by a day, and wraps up his trip in South Korea. Those countries are having to accommodate a more muscular China while wondering whether a U.S. weakened by financial crisis is in decline.

 

"Asia is changing very fast. It's undergoing a fundamental transition,"

said Huang Jing, a Chinese politics expert at the National University of Singapore. "This is not the kind of Asia or Asia-Pacific of America's traditional understanding. That old understanding is that America is dominant but friendly to the developing nations and Japan, America's perpetual ally, is No. 1. Asia is now totally different and China is the No. 1, not Japan."

 

Throughout his travels, starting with a scene-setting speech in Japan, Obama is expected to deliver a message of staunch U.S. commitment to old friends and newer partners alike, promising to help keep what for decades has been one of the fastest growing regions of the world secure and thriving, according to U.S. officials.

 

In Tokyo, he's likely to call for a reinvigorated alliance with Japan while insisting that new Prime Minister Yukio Hatoyama live up to a pending agreement on reconfiguring U.S. military bases. He's scheduled to take part in Beijing in the kind of pomp that Chinese leaders crave as a sign of respect, but also plans an event with Chinese university students aimed at telegraphing U.S. values to a broader Chinese audience.

 

On the sidelines of the gathering of Asia-Pacific leaders, he'll hold a first-ever summit with Southeast Asia's 10-nation alliance, a grouping whose economies are increasingly tied to a growing China but still are anxious about Chinese power. Included in that meeting will be Myanmar's leader - the first such meeting between a U.S. president and the head of a repressive government formerly shunned by Washington, though now part of a new outreach by the Obama administration.

 

Throughout, issues like North Korea's and Iran's nuclear programs are likely to be raised repeatedly, though little concrete progress is expected.

 

While popular in some parts of the region, Obama does not have the rock-star appeal in Asia that he has in Europe and elsewhere. He will have to overcome strong suspicions among Asian leaders that he is more concerned about domestic battles over health care and the economy than about matters like freer trade that are so crucial to Asian nations and U.S. businesses.

Obama comes to Asia "bringing absolutely nothing to the table" on trade, said Michael Green, a White House Asia adviser during the Bush administration and now an analyst at the Washington-based Center for Strategic and International Studies. Without American leadership on trade, the fear is that the U.S. will be left behind while other nations roar ahead with their own agreements, Green said.

 

"There is a risk that he will come to Asia for just a star turn and photo opportunities while reserving his strength for other battles. But more is needed and should be expected of him," Simon Tay of the Singapore Institute for International Affairs said.

 

  

After the Sept. 11 terrorist attacks, the Bush administration gained a reputation in Asia for distraction and an overemphasis on security.

Meanwhile, China has supplanted the U.S. as the top or leading trading partner of Japan, South Korea and the ASEAN nations. The Chinese economy, a decade ago only slightly larger than Italy's, is on track to next year surpass Japan's, the world's No. 2.

 

Chief among Obama's goals on the trip will be to make "vividly clear to the peoples of Asia that the U.S. is here to stay in Asia," Jeffrey Bader, Obama's top Asia adviser, said at a public event in Washington on Friday. "As Asia continues to grow and as new groupings and structures take shape, the U.S. will be a player and participant on the ground floor, not a distant spectator."

In Japan, where Obama and his election inspired the public, it looks like the president will have his most difficult stop .

Prime Minister Hatoyama won election on an Obama-like message of change.

But he's begun rethinking the U.S.-Japan alliance in which Tokyo has often felt itself the junior partner. He proposed the East Asian community that initially excluded the U.S., though he has since sidestepped the issue.

 

His government plans to end Japan's Indian Ocean refueling mission that supports U.S.-led forces in Afghanistan. His review of the agreement on basing 47,000 U.S. troops in Japan has caused particular tension, chiefly over relocating Futenma Marine air field on Okinawa. The U.S.

has agreed to a more remote location on the island while Hatoyama has suggested moving the forces off the island. U.S. Defense Secretary Robert Gates last month demanded Tokyo not put off resolving the issue until next year as Hatoyama has hinted.

 

In China, sizable distrust over trade tensions, Tibet and other human rights issues and Beijing's robust military buildup are likely to be papered over.

 

The Obama administration has tried to set a more constructive, cooperative tone for relations, calling Beijing a needed partner in tackling global issues like the economic downturn and climate change.

The governments have identified clean energy as ripe for cooperation.

 

Chief among Obama's tasks in Beijing will be to establish the kind of trust that President Hu Jintao had with George W. Bush, according to Chinese scholars. China reacted angrily to recent U.S. moves to impose punitive tariffs to stem surging imports of low-cost Chinese-made tires, seeing it as reneging on Obama's promise earlier this year not to resort to protectionism during the economic crisis.

 

Associated Press reporters Jennifer Loven in Washington, Malcolm Foster in Tokyo, Jae-Soon Chang in Seoul and Eileen Ng in Kuala Lumpur, Malaysia, contributed to this report.

Classification: UNCLASSIFIED

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#11) On November 09, 2009 at 9:28 AM, CFOTOCEO (33.03) wrote:

The Canadian Press(CP)

November 7, 2009 Saturday

FOREIGN GENERAL NEWS

466 words

Report: North Korea's Kim Jong Il fires top TV official for airing commercials CP SEOUL, South Korea _ North Korea's Kim Jong Il recently fired his top TV official for airing a series of advertisements, apparently out of concern that the commercials represented too much influence of capitalism, a news report said Sunday.

Since early July, the North's state TV had aired rare advertisements on beer, hairpins, ginseng and quail meat in what appeared to the country's first such commercials, sparking speculation that the country might launch broader market reforms.

Leader Kim, however, was angered when watching the advertisements recently, saying that ''Such commercials are what China did when it started its reforms and openness,'' according to Yonhap news agency.

Yonhap, citing sources it said are privy to North Korea affairs, said that Kim subsequently fired Cha Sung Su, head of a government committee in charge of state-run television.

China is still North Korea's biggest source of economic aid and diplomatic support, but bilateral relations drifted apart in recent decades as Beijing embraced free-market reforms while Pyongyang remained a defiantly closed, totalitarian state.

North Korean defectors have said there are limits to how far the North would go with its recent economic changes, saying Kim fears Chinese-style economic reform and openness coming to his country.

The report said Cha's committee began airing the advertisement after Kim instructed it to make TV programs in a ''more interesting, diverse''

manner. Yonhap said the commercials haven't been seen on the state TV since late August.

Seoul's Unification Ministry, which handles relations with the North, said it couldn't immediately confirm the report. Calls to the National Intelligence Service _ the country's main spy agency _ were unanswered.

North Korea has long tightly controlled its economy and is wary of capitalistic influence. North Korean TV programs normally have no advertisements and usually consist of news, factory description and documentaries on Kim and his father, Kim Il Sung.

However, signs of a nascent market economy have been emerging in recent years, as the communist country suffers chronic food shortages and has relied on aid to feed its 24 million people since famine killed an estimated 2 million people in the 1990s.

In June, the North opened its first fast food restaurant in its capital Pyongyang in co-operation with a Singaporean company, according to the Tokyo-based Choson Sinbo. The paper, considered as a mouthpiece for the North's government, also reported that the country opened its first Italian restaurant in December at Kim's order.

The regime introduced economic reforms in 2002, including regular street and farmers' markets. But the government backtracked in 2006 after the reforms failed to revive the economy and resulted in an influx of foreign goods.

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#12) On November 10, 2009 at 8:46 AM, CFOTOCEO (33.03) wrote:

OVEMBER 10, 2009

U.S. Lowers Goals for Asia Trip

By JONATHAN WEISMAN

 

WASHINGTON -- President Barack Obama jets to Asia on Thursday for a four-nation swing that White House officials say will highlight the centrality of the continent to U.S. economic health and security.

 

But administration officials say the president isn't likely to bring along tangible concessions on hot-button issues, nor will he return with concrete achievements. Unfinished business -- from the shape of U.S.

military bases in Okinawa, to a South Korean free-trade agreement, to climate change, trade and currency issues with China -- will remain unfinished.

 

Instead, Mr. Obama will likely rely heavily on oratory and personal popularity to try to boost U.S. influence while maintaining close economic ties to a region that has become the biggest creditor to the U.S.

 

With the trip, Mr. Obama will have visited 20 countries in his first year in office, a record for a U.S. president, according to Jeffrey Bader, senior director for East Asian affairs for the National Security Council. All that travel is not out of "wanderlust," he said, but because "it is essential to restore American leadership, influence, image, and standing in a world where all have suffered in recent years."

 

At the same time, White House officials cautioned that the president isn't likely to make much headway on a free-trade agreement with South Korea that Seoul sees as essential to U.S.-South Korean relations.

Michael Froman, deputy national security director for international economics, conceded that not enough progress has been made on the key U.S. demand -- easing access in South Korea for U.S. auto exports.

 

Mr. Froman said talks between Mr. Obama and Chinese President Hu Jintao aren't expected to yield an agreement on climate change between the two largest emitters of greenhouse gasses. The two leaders will "work toward making Copenhagen a success," he said.

 

  

Mr. Bader said calls by the new government in Tokyo for a smaller U.S.

military "footprint" in Okinawa are also not "ripe for resolution or a focus of the visit."

 

White House officials didn't suggest the president would press for concrete steps on his push to "rebalance" the world economy by coaxing China to consume more domestically and the U.S. to import less. The weakening U.S. dollar and ongoing economic malaise are already depressing U.S. consumer appetite for imports.

 

But calls for China to allow its currency to strengthen have gone unheeded by Beijing, and with Washington expected to continue running a near-record budget deficit this fiscal year, Mr. Obama has little leverage to press the Chinese, who have become the largest creditor of the U.S. In an interview with Reuters Monday, the president did say "currency, along with a host of other issues, will come up" in meetings with Chinese leaders.

 

Without achievements, Asia experts warn, Mr. Obama's effort to bolster U.S. influence in a region where Chinese and Indian power is rising fast are bound to falter.

 

"There's a feeling among the business community and foreign policy experts that we really can build a lot of momentum for a trans-Pacific series of agreements that would keep the U.S. locked in," said Michael Green, a senior adviser at the Center for Strategic and International Studies. "The problem is, the U.S. brings absolutely nothing to the table."

 

Daniel Price, a lawyer at Sidley Austin who held Mr. Froman's post in George W. Bush's White House, said the Obama administration has placed on hold a Bush move to join free trade talks with Singapore, Chile, New Zealand and Brunei. "You can't be engaged in the region if you are disengaged on trade," Mr. Price said.

 

White House officials say at a time when the president is pressing Congress to pass major legislation on health care, energy and climate change, financial regulations and education, it isn't politically feasible to bring up the explosive issue of trade. U.S. access to Korea's automobile market has been a political issue since former House Majority Leader Richard Gephardt made it central to his presidential run in 1988.

 

"We want to ensure that the FTA does provide adequate access for U.S.

automobiles to the Korean market," Mr. Bader said Friday at a Brookings Institution appearance. "But the timing of when this can be done and what is politically feasible in the very political context surrounding trade that we deal with, that's a question above my pay grade."

 

What the trip lacks in achievements, Mr. Obama hopes to make up in appearances, news conferences in Tokyo, Beijing and Seoul, a speech on U.S. engagement with Asia at Tokyo's Suntory Hall and a speech and town hall-style session with young people in Shanghai. Mr. Bader said the idea is to use the president's "special communications gifts."

 

Write to Jonathan Weisman at jonathan.weisman@wsj.com

 

Printed in The Wall Street Journal, page A14

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#13) On November 16, 2009 at 1:18 PM, CFOTOCEO (33.03) wrote:

Earlier, Obama met with Yu Zhengsheng, Shanghai's mayor and a Communist Party secretary. The president later flew to Beijing, where he will dine with Chinese President Hu Jintao ahead of formal meetings Tuesday.

Obama's visit comes as China relishes its spot as a key global player. It is playing a role to help resolve major international disputes such as the showdowns with Iran and North Korea and has used its position on the U.N. Security Council and its economic leverage to influence events around the globe.

China also is now the dominant regional player in northeast Asia, recently hosting a summit in Beijing with Japanese and South Korean leaders.

The nation's economic expansion has led to a demand for raw materials around the world and the rapid expansion of China's presence in countries such as Guinea, Myanmar, Sudan and Venezuela. Human rights groups have said China is propping up repressive regimes to secure its access to critically important raw materials.

China's rapid economic expansion outpaces growth in the United States, 8.9 percent in the past quarter versus 3.5 percent in the U.S., giving Beijing huge economic leverage

Trade issues are likely to be major discussion topics during Obama's visit. The United States imports billions of dollars in Chinese products each year. He and Hu are to issue a joint statement following their talks.

Obama plans to make a side trip to the Great Wall.

The final stop of Obama's trek is Seoul, where he will meet with South Korean President Lee Myung-bak, and deliver a speech to U.S. troops at Osan Air Base.

Obama is on an eight-day journey that is taking him to Japan, Singapore, China and South Korea. He'll return to the United States on Friday.

The president left for China from Singapore, where he attended the Asia-Pacific Economic Cooperation summit and Association of Southeast Asian Nations economic forum. He met on the sidelines with world leaders, including Russian President Dmitry Medvedev.

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