Chinese CAPITAL MARKET

ppteam

ARE THEY REALLY?:

The China People’s Daily is the official organ of the Chinese Communist
Party and the leadership in Beijing, so when articles
appear in this newspaper… which we read every day…
we tend to pay heed, for we have learned that most of
the articles have been “vetted” and have therefore
been given the approval of Beijing. That being said,
when Wang Xiaotian wrote recently that
China has diversified is huge pool of foreign
reserves by cutting US Treasury bond holdings
and increasing Japanese debt holdings,
we thought it more than merely of passing interest.
According to the report, China cut its holdings of US
treasury bonds by $24 billion in June, and this after
cutting its holdings of the same in May by $32.5 billion.
At the end of June… the last date for which we have
hard data… China held $844 billion of US debt. This is
down from $938 billion it had held at its peak in
September of ’09. This still leave China as the US’
largest holder of debt, but clearly China’s intention is
not to increase that exposure but to decrease it.
instead. Interestingly, as China sold US debt it bought
Japanese debt… some $20 billion each month for the
past six months. Perhaps this can explain why the Yen
has been so strong relative to the US dollar in the past
several months.
Further, we found it interesting that Zhang Monan of
the State Information Centre in Beijing said that rather
than gaining further exposure to debt securities, the
Chinese money managers in Beijing and Shanghai are
considering more and more often taking positions in
“the real economy” instead. Zhang suggested that such
investments might take the form of high tech and
energy particularly. As we’ve written many times in the
past, we’ve taken in interest in where China has been
investing… in the Middle East; in Canada; off the west
coast of Africa; in central Asia… always seemingly
looking for energy and other raw materials, and at the
same time looking to own the distribution points for
those same materials.
So, China’s selling US debt and buying Japanese debt
and global raw materials. Perhaps we should err in the
same direction given the rather deep pocket that China
can draw upon.

Diffusion

前两天转过一条国内新闻和这个有关：

http://www.hutong9.net/viewthrea ... &extra=page%3D2

ppteam

回复 2# Diffusion



My dec of 2011 corn, it's like watching the paint dry.

Diffusion

回复  Diffusion



My dec of 2011 corn, it's like watching the paint dry.
ppteam 发表于 2010-8-26 12:35

    Looks like there will be one more push up.

ppteam

回复 4# Diffusion

only one more? what's your take on it?

ppteam

from the chart, I think it's going to 470+

Diffusion

回复  Diffusion

only one more? what's your take on it?
ppteam 发表于 2010-8-26 12:59

    I don't know much about commodity, just pure technical view, it forms a descending triangle and looks like the support is strong. Hopefully the upside selling pressure will trim off and the push up will start. I should have said at least one more push up.

ppteam

回复 7# Diffusion