(click to enlarge) - Source: Stern AgreeChina's MACRO story remains story but I have been looking towards the consumer front. Retail sales in April were up 15% YOY. Cars were up 19%, necessities were up 15%, and clothing was up 14%. Nielsen surveys also indicate that consumers believe that it is a great time to spend on travel, clothing, and advanced technology.
Above is a snapsnot of China's internet plays/entertainment/media. The list includes FMCN and GIGM, which I own. The valuations look VERY cheap! Patience is the key because not many money managers know this story.....YET.
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