China Marine Food Group Ltd., a China based processor and distributor of seafood products, today announced revenue and net income guidance figures for the year 2010, showing anticipated increases in revenue and net income.

The company is now forecasting 2010 revenues of greater than $80.0 million, based on current sales from China Marine’s existing distribution network of 19 master distributors in seven provinces throughout China. The forecast anticipates strong performances from the sales territories of Jiangsu and Shanghai, plus continued growth in Guangdong and the Sichuan area, including the cities of Chengdu and Chongqing. China Marine also plans to launch a number of new products, as well as add new sales territories to their network, and secure product placements at additional retail food chains with the company’s Mingxiang® brand seafood snack foods.

In addition, higher sales, together with stable margins and improved efficiencies due to production line capacity increases, are expected to

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Niusule Biotech Corp. develops and distributes health food and related products manufactured in the US to Chinese consumers. The company launched its Niasule Gummy Bears nutritional supplements for children in September 2009 and its PlantFusion protein powder in June 2009. Niusule has a retail distribution network of 36 outlets in the Zhejiang province and is aggressively seeking to expand into other regions in China.

The company announced today guidance for revenue, gross margin and net income for calendar year 2010. Based on current trends and planned expansion of its retail distribution network, Niusule management is now forecasting that revenue for 2010 is expected to be approximately $10 million. The company also estimates net income of $2.5 to $3 million with gross margins to be in the range of 70% to 75%.

Niusule’s Gummy Bear products have been well received in China and are quickly gaining popularity. The company has signed contracts with

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Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT) has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI’s Nano-Cavitation Process Systems. Miura is a leading Engineering Company specialized in Edible Oil Processing Plants in the Far East.

Applied Signal Technology, Inc. (NASDAQ:APSG), a market leader in advanced intelligence, surveillance, and reconnaissance (ISR) solutions, today announced that it will showcase an extensive collection of next-generation, tactical

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L&L International Holdings Inc. is headquartered in the United States, but is in the coal business in China. The company is currently operating two profitable coal mines, two clean coal washing facilities, and a wholesale network in the coal-rich Yunnan province in China.

The company is attempting to take advantage of a strong coal market in China. Coal prices have risen sharply in China this year as the government has cracked down on illegal and polluting mines, closing many of them. The closure of these mines has led to decreased supplies of coal and increasing prices for the remaining producers.

The company announced today that it has submitted a new subsidiary application to the GuangZhou City (located about 75 miles north of Hong Kong) government, to expand their operations into this capital of the wealthy Guandong province. The new subsidiary was provisionally named Shining Star Co. Ltd.

L&L

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Understanding that high-speed rail (HSR) could provide millions of Americans with a cleaner, more efficient way to travel, President Barack Obama allocated $13 billion to its development over the next five years as part of the American Recovery and Reinvestment Act (ARRA) passed in February.

But Obama’s high-speed rail initiative has gotten off to a sluggish start, while a much bigger, $300 billion plan to create the world’s largest and most sophisticated high-speed rail network is already rapidly unfolding in China.

“Railroads were always the pride of America, and stitched us together. Now Japan, China, all of Europe have high-speed rail systems that put ours to shame,” Obama said in April.

In a proposal called “A  Vision  for  High-Speed  Rail  in  America” Obama and the Federal Railroad Administration outlined a plan to develop 10 “potential” 100-600 mile corridors in the United States, “similar to how interstate

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The Good Life China Corporation owns a chain of convenience stores in China, providing food and other needed products to the local population. The company also supplies baked products to those stores, including bread, cakes and chocolate through its Miluga subsidiary.

The company has achieved amazing growth the last several years as its store base increased from 8 stores in 1999 to 1,600 at the end of 2007. The company plans to add thousands of stores to its base through 2011 bringing its total to 20,000 stores by the end of that year.

The Good Life China Corporation recently received an award from the Shenzhen Food Industry Association and Baking Specialty Committee certifying Miluga as one of the top ten brands in Shenzen, a city in the Guangdong province of China. “We foresee this new certification and award, together with our food self discipline recognition on food

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The train wreck known as China’s manufacturing sector took another tumble down the hill as India imposed a six-month ban on toy imports – one of China’s largest exports. The setback for China underscores our ongoing warnings to investors that neither a multibillion stimulus plan or anything that Beijing throws at its ailing economy will promise investors those speculative profits of yesteryear. We recently reported that China’s unemployment rate hit a 30-year high as the global recession both dampens demand for exports and forces manufacturers in the West to seek out lower cost factories in South and Southeast Asia.

Mumbai’s sudden ban on Chinese toys was attributed to some political strife surrounding Pakistan or as an aggressive protectionist move disguised as new safety guidelines. Regardless, it hits China as toy factories continue to close in Guangdong Provence at a rapid pace. Whether or not the toy ban could inflict further damage

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New labor laws in China have forced the manufacturing sector into an ever-tightening vice, giving investors further pause for any significant rebound in the world’s fastest growing economy.

In January 2008, Beijing introduced new workplace legislation called the Labor Contract Law. Its objective was to ensure job security by making cursory dismissals more difficult. The Labor Contract Law comes in on heels of anti-discrimination labor laws instituted last year, which streamlined the process for workers to file grievances against their employers.

As a result, labor disputes have surged by approximately 119% since last year as workers exercise their new rights.

While the global recession throws a monkey wrench into China’s manufacturing engine, the Labor Contract law could compound the crisis by making labor in China more expensive. In fact, there is evidence that factories are

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PKey Newsbr•nbsp;U.K. manufacturing contracted almost three times as much as economists forecast in October and housing sales fell to the lowest in three decades, as the country slipped deeper into recession. (Bloomberg)br•nbsp;The crunch may close a fifth of Guangdong’s factories and leave 6 million migrants without work next year, according to the Institute of Contemporary Observation, a labor rights group in the province. That would further slow the world economy because Guangdong accounts for 12 percent of the nation’s gross domestic product and China is the biggest driver of international growth. (Bloomberg)br•nbsp;South Africa’s current account deficit widened to 7.9 percent of gross domestic product in the third quarter as a global credit crisis slashed demand for gold and platinum, the country’s biggest exports. (Bloomberg)br•nbsp;The Bank of Canada lowered its benchmark interest rate by more than anticipated to a half- century low and signaled more action may be needed as economic ...

This is an interesting development.

One thing that has been talked about quite a bit is a potential “race to the bottom” of currency devaluations.

Simon Heapes of Anglo Far-East has said numerous times that the “symphony of inflation” would ultimately end up in a race to the bottom.

Uncanny how accurate that guy has been over time.

If we see this unfold, we are looking at a failure of fiat…which means real disciplined money (gold and silver) will revalue to equal the amount of currency created.

Since I own gold and silver, I sure wouldnt mind the wealth transfer!

1930s beggar-thy-neighbour fears as China devalues

China has begun to devalue the yuan for the first time in over a decade, raising fears that it will set off a 1930s-style race to the bottom and tip the global economy into an even deeper slump.

By Ambrose Evans-Pritchard, International Business Editor

Last Updated: 10:39AM GMT 04 Dec

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