More gloomy news from China officials
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/more-gloomy-news-from-china-officialsPosted on Friday, December 12th, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
Unlike the U.S., Chinese government officials cannot speak their mind. They must speak the ‘company line’ of the ruling Communist Party. That is why I pay careful attention when they say anything negative. brbrLi Yizhong is the head of the Ministry of Information and Technology and this is what he said about China’s economy yesterday. brbr“The international financial crisis is having a severe
domestic impact. a title=bottomed target=_blank href=http://www.bloomberg.com/apps/news?pid=20601087sid=aKXiB34dAAI0amp;refer=homeWe don’t think we’ve bottomed out yet./abrnbsp;br“Just about every industry has overcapacity. brbr
Last 5 posts by Tony Sagami
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 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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