How many entrepreneurs have sat down and thought to themselves, “If only the Chinese would buy my product…Heck, if only one in 10 Chinese would buy my product, I’d be rich!”  Call it the China Dream. It has a long history.

James McGregor wrote a book in 2005 on doing business in China called One Billion Customers. If the title sounds familiar, it may be because a man named Carl Crow wrote a book called 400 Million Customers, back in 1937. You see, the dream only gets bigger over time!

For the most the part, this dream remains a mere dream. But sometimes, someone, somewhere, figures it out. Carl Crow was someone who figured it out, and it made him a rich man.

Carl Crow led an adventurous life. Born in Highland, Missouri, in 1884, Crow started out as a newspaperman. Eyeing his fortune, he started China Press in Shanghai in 1911. But

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American markets at a standstill… can the Far East drive stocks forward? … Chris Mayer on buying “what China needs, but can’t make for itself” … Dan Denning’s pair trade for the next decade … Bill Bonner and Goldman Sach’s CEO on the current “bull market” … Plus, a CEO pay debate fills our inbox… your letters and our response, below…

The Dow crashed 1.4 points yesterday, wiping out Monday’s 1.3 point moonshot. Desperate for something beyond these 0.014% “swings,” the market’s putting China in the driver’s seat today… and these guys still have quite a lead foot:

Chinese auto sales soared 34% in May, year over year. According to the China Association of Automobile Manufacturers, the Red Nation scooped up 1.12 million vehicles last month, outpacing any nation in the world. Consider the course of the last 12 months,

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The Dow crashed 1.4 points yesterday, wiping out Monday’s 1.3 point moonshot. Desperate for something beyond these 0.014% “swings,” the market’s putting China in the driver’s seat today… and these guys still have quite a lead foot: Chinese auto sales soared 34% in May, year over year. According to the China Association of Automobile Manufacturers, the Red Nation scooped up 1.12 million vehicles last month, outpacing any nation in the world.

Consider the course of the last 12 months, and then look at this chart… is China even part of the global slowdown?

We don’t want to get too excited about this growth, as much of these sales are a product of Chinese government stimulus. But I.O.U.S.A. is certainly throwing a bunch of money at this crisis as well, and the same measure of auto sales here

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Citigroup is out negative on Bunge (NYSE:BG) saying that given what their Cir Emerging Markets Economist teamviews as the possible beginnings of a potential slowdown within the emerging markets, they believe that the risk of moderating demand growth has increased and thus future earnings at Bunge could come under pressure. This translates into a reduction in price target to $95 (from $130) on a reduced target PE multiple of 9.5x as they are becoming more concerned with the viability of '09 numbers at BungeCurrently, CIR economist team is forecasting a slowdown in emerging market GDP growth to 6.3% in '08, down from 7.4% in '07, with growth expected to moderate further in '09 at 6.0%. This ties in with USDA projections for global soy demand over the next 12 months at 3.0%, down from the previous 10-yr CAGR of 4.8%.Adding to the risk profile surrounding 2009 ...

In the article “Top Global Agriculture Picks” which companies did Victor Badin recommend?

In a time of rising food prices, investors should have agricultural stocks in their portfolios, Victor Badin, fund manager at Global Cap, said.

And China Farm Equipment, Bunge and Myriya Agro Holdings are among the most attractive of the bunch, Badin said.

Bunge (BG) gets high marks for earnings momentum and price momentum in the models I follow. However, its free cash flow ranking is low.

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