Best of Thursday’s web
Global markets experienced another down day as woes over the euro zone crisis multiply. Today, we’ll look into a possible downgrade of Spanish banks, BRIC bear markets, and Colombian political violence.
China
The Chinese internet is so far defying the Chinese economy
Analysts and investors may be worried about the state of the Chinese economy, but China’s leading internet companies seem to be in no danger of a hard landing.
Why Jim O’Neill is right about China – and how you can profit
While the world was fretting last week about the poor data from the People’s Republic of China, observers like Goldman Sachs emerging market guru Jim O’Neill were heartened by the potential confirmation of a necessary change in the Chinese economy’s (FXI, quote) composition.
Finding the winners in Chinese materials
The “dogs of the Dow” approach is well known in U.S. large-cap investing, but global traders can find endless ideas picking through the wreckage of the worst-performing emerging market ETFs as well. At the moment, the Global X China Materials fund (CHIM, quote) qualifies as the dirtiest dog at the table.
Best of the Monday web
Global markets continued their slide as investors digested more negative news out of Greece in spite of measures introduced by the Chinese government to stimulate the economy. Today, we discuss the prospect of a Greek exit from the euro, Baidu’s move into the smartphone market, and the no-good-very-bad month for casino stocks.
Chinese stimulus cannot mask financial sector problems
In the wake of disappointing economic data last week, the Chinese government has decided to implement measures to spur the economy. And while these measures may make Chinese banks attractive in the short-term, it will do little to solve the underlying problems in the Chinese financial sector.
How to play China’s rate cuts
The People’s Bank of China announced Saturday that it would cut reserve ratios by 50 basis points effective May 18 in an effort to counter weakening growth.