China has once again set the tone for our Monday market forecast.

While American stocks stumble, Shanghai soars… why Chinese equities are bucking the global trend… More data disasters… ADP jobs report, auto sales register scary declines…Tired of shaking down U.S. taxpayers, GM aims abroad… EU begged for Detroit dollars…Obama, Bernanke talk up Uncle Sam’s book… Eric Fry on how rampant inflation still seems inevitable…Chuck Butler takes a stab at the $10 trillion question: “How long will this dollar strength last?”

“You will lose more in purchasing power (as central bank monetary inflation destroys the currency by printing enough to finance the higher stock prices) than you will ever net in gains…”

Billionaire investor Jim Rogers thinks China will be the world’s next superpower.

The man who co-founded the Quantum Fund with George Soros has left the US with his family and moved to Singapore. Meanwhile, the LA Times reports a growing wave of Chinese businesses are expanding into the US.

From Spartanburg to Los Angeles they are building factories, buying companies and investing in business and real estate.

The mood seems to be lifting. A more optimistic tone in the Sunday papers…a prod of encouragement from the Bank of England…and now global equities are surging.

‘Chimerica’ stocks and how to profit from companies that do their business in China has been creating a huge amount of buzz on the internet since investment guru Tom Dyson at Daily Wealth started to write about the subject.

“Chimerica stocks are Chinese companies,” says Tom. “They do business in China, with Chinese management, Chinese employees, and Chinese currency. They make products for Chinese consumers.

The key is that these Chinese companies list on US stock exchanges.

Another multibillion-dollar write-down hits the Street. China gets chopped in two… Shanghai Composite erases 2007 gains. Rice at another record high… U.N. warns of coming “silent famine,” food rationing hits U.S. soil. Euro near $1.60… global finance chiefs grow tired of the declining dollar.