$150 billion China quake reconstruction
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/150-billion-china-quake-reconstruction-Posted on Thursday, August 14th, 2008 | In Asia, China, Market Commentary
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
The reconstruction costs for Hurricane Katrina was approximately $40 billion. The Chinese government’s estimate for Sichuan earthquake reconstruction is expected to hit $150 billion.
That’s good news for road, dam, bridge, condo, and utility contractors.
Last 5 posts by Tony Sagami
- World Bank Calls China: A “Ray of Hope” - April 14th, 2009
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- Following the Warren Buffett of China - February 17th, 2009
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Tags for this Post:
Asia, China, China, Chinese Government, hurricane katrina, Market Commentary, USD
Asia, China, China, Chinese Government, hurricane katrina, Market Commentary, USD
 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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