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.
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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.
If you shorted Research in Motion (RIMM, quote) and went long on Samsung (SSNLF, quote) last month, then you probably made a tidy profit. More profits are ahead as the trends Emerging Money reported on in April continue.
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.
This week, the Korean central bank decided to keep their benchmark rate steady after mild concerns over future inflation and lowered growth forecasts. This begs the question: How should investors interpret South Korea’s prospects going forward?
In March, the number of mobile phone subscribers of Chinese telecommunications firms topped 1 billion for the first time, according to Brian White of Topeka Capital.
Markets worldwide surged on the back of Apple’s outstanding earnings on Tuesday night. We’ll take a look at those earnings, specifically China’s growing influence on Apple’s bottom line, as well as mixed news out of Europe.