Shares of Apple Inc. (Nasdaq: AAPL) have gained 100% since the start of the year, and with the likely release of an innovative “tablet” computer and the pending debut of its wildly popular iPhone in China both in the offing, the company’s stock could still find some room to run.
On Tuesday, we published a post by Taipan Daily editor Justice Litle, Why the China Bears Are Wrong.
Justice gave six reasons why China is a buy now. These included the recent correction in crude oil prices, China’s high level of personal savings and the country’s massive foreign reserves.
Today’s Financial News editor J. Christoph Amberger says Justice is wrong about China. The Shanghai and Shenzhen stock exchanges have plummeted since the opening of the Beijing games. J. Christoph says China now looks more like Japan in the ’90s than a strong buying opportunity…
Wasting no time with China’s government-executed telecom restructuring, telecommunications giant China Unicom Ltd. (ADR: CHU) agreed to sell the smaller of its two wireless networks to fixed-line titan China Telecom Corp. Ltd. (ADR: CHA) for nearly $16 billion.
There are three new kings in China’s $100 billion-plus telecom kingdom: China Telecom Corp. Ltd. (ADR: CHA), China Network Communications Group Corp. Ltd. (ADR: CN) and China Mobile Ltd. (ADR: CHL).