The Dow has been on a mini-roll. Therefore, most investors are thrilled to see battered stock portfolios recover even a smidgen of their massive losses. The problem is that these investors aren’t paying attention to what’s happening elsewhere around the globe. And they may be missing out on the opportunity of the decade! That’s because the morsels of good economic news coming out of the U.S. are completely overshadowing what’s happening in Asia. China: A Bright Spot in the Region And the Global Economy Just last week, a new report from the World Bank painted a very pretty picture about the economies of China, the world’s third-biggest economy, and its Asian neighbors …...

China Precision Steel, Inc. (CPSL), a cold-rolled steel processing company in China, reported preliminary fiscal year 2008 financial results this afternoon after the close. The company expects to achieve $87.7 million in sales, an increase of 62.6% year-over-year from $54.0 million. Analysts expected 2008 revenues of $75.4 million. China Precision Steel expects gross profit for 2008 to be $22.5 million, an improvement of 49.6% from $15.0 million in 2007. Fourth quarter revenue is expected to be approximately $28.5 million, an increase of 70% year-over-year from $16.8 million.

“Our record results for the full year are attributable to an increase in orders from our current customers, as well as the addition of new customers, the majority of whom came to us as a result of increasing media coverage of the Company’s high quality, specialty steel production,” said Dr. Wo Hing Li, China Precision Steel’s Chairman and

...