Retail sales blast off in China
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/retail-sales-blast-off-in-chinaPosted on Wednesday, August 13th, 2008 | In Asia, China, Market Commentary
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
The biggest mistake that the Wall Street crowd makes about China is that (a) it is overestimates the impact of the slowing U.S. economy on China and (b) underestimates the rapidly growing impact of China’s own free-spending consumers.
Retail sales increased by 23.3% in July, the fastest pace since 1999.
That’s up from 22.4% in June.
Figure out what the Chuppies (Chinese Yuppies) are buying and you’ll make a bundle.
Last 5 posts by Tony Sagami
- Japan: worst stock market drop in history - December 31st, 2008
- Hang Sent down 48% for 2008 - December 31st, 2008
- U.S. home prices plunge....AGAIN - December 31st, 2008
- Corruptions flourishes amidst communism - December 31st, 2008
- Chinese filling up strategic oil reserves - December 31st, 2008
 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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