China’s empty city
Source: http://www.investmentpostcards.com/2009/11/15/chinas-empty-city/Posted on Sunday, November 15th, 2009 | In China, Investing Lessons, Market Commentary
Contributed by: Prieur du Plessis (http://www.investmentpostcards.com) -
China’s economy is continuing to grow despite the global recession, helped by a massive government stimulus package of $585 billion. But doubts remain whether such strong growth can be sustained by public spending alone. Al Jazeera’s Melissa Chan reports from Inner Mongolia, where a whole town built with government money is standing empty.
Source: YouTube, November 10, 2009.
Last 5 posts by Prieur du Plessis
- Quote du jour: Money is made in the buying - December 8th, 2009
- Beware “nosebleed” valuations, says Mauldin - December 8th, 2009
- Prieur’s readings (December 8, 2009) - December 8th, 2009
- Bill Gross: Fed will keep rates near zero through 2010 - December 8th, 2009
- Bill Gross: Fed will keep rates near zero through 2010 - December 8th, 2009
Tags for this Post:
China, China, Investing Lessons, investment postcards, Market Commentary, Melissa Chan, Mongolia, USD
China, China, Investing Lessons, investment postcards, Market Commentary, Melissa Chan, Mongolia, USD
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.