The Editors' Journal

Capitalist Roader Fund: Let's try that again: BUY-Jiangsu Expressway Co Ltd (600377, Shanghai)

2009-07-10

Sometimes, technical glitches can be good. When we announced last week that we had purchased 200 shares of Jiangsu Expressway (600377.SH) at RMB6.63 (US$0.97) a share, we were a touch premature. For whatever reason, the transaction didn't go through, despite our computer confirming that it had. Once we discovered the error, [...]

Capitalist Roader Fund: BUY-Jiangsu Expressway Co Ltd (600377, Shanghai)

2009-07-03

Damn the torpedoes and the long-term threat to the economy posed by a non-performing loan crisis! We're back in the market, and we hope it's full speed ahead for our purchase: Jiangsu Expressway (600377.SH), operator of, well, expressways. We bought 200 shares today at RMB6.63 (US$0.97) each. Why this target and [...]

Small funds, big story?

2009-07-03

The cover story for China Economic Reviews newly published July issue, focuses on Chinese strategies for outbound investment in oil and gas. However, throughout the reporting of the story, CER staffers conducted interviews with analysts and insiders regarding outbound investment in a broad range of natural resources. Much of what [...]

Capitalist Roader Fund: Breaking through 3,000?

2009-06-26

Will the Shanghai Composite Index crack 3,000? Having closed today at 2,928.21 (meaning the index is up more than 60% this year), that is looking like a real possibility. While the People's Bank of China has added its voice to the chorus of those calling the present time a "critical [...]

Chinese, expats to mourn MJ

2009-06-26

No matter what one thinks of Michael Jackson's troubled life, no one can argue his status as a global icon, and as such his death has touched fans across the globe, including in China. Check out the always helfpul ChinaSmack here for an interesting cross-section of netizen reactions to his [...]

Staying respectable: World Bank raises China GDP growth estimate

2009-06-18

Chinas economic growth will remain "respectable" this year, the World Bank said in its quarterly report on China. However, it said a sustained, broad-based economic recovery that returns China to high single-digit growth will rely on a rebound of the global economy and structural changes to China's economic model. The World [...]

Friction burns: US-China economic relationship to be tested

2009-06-17

Timothy Geithner and Wang Qishan will likely have to dispense with the small talk at their next bilateral economic dialogue. Indeed, while there have been some relatively low-level trade disagreements between the two countries since the Obama administration came to power, it does seem as though the tinder is getting [...]

Dam straight

2009-06-16

Well, that was that. Short weeks after the news broke that China would require censoring software, known as the Green Dam-Youth Escort, to be installed on every computer sold in China, the government has backed down. After online criticism, and reports of the softwares flaws, the MIIT has said Green [...]

Opportunities in censorship

2009-06-16

The protests in Iran that followed the contested election there have been notable for the degree to which they have made use of social media tools such as Twitter. The historical significance of this has been covered elsewhere, but it is particularly interesting as seen from China, where Twitter and [...]

Capitalist Roader Fund: Planning our next move (Hold)

2009-06-12

The Capitalist Roader Fund is getting stir-crazy. We've been a cash-only fund since February, when we sold Anhui Conch Cement (600585.SH) at RMB32.90. Excitement about infrastructure and government spending pushed Conch up to around RMB45 in early May, but its performance has been distinctly lackluster since then. It closed today [...]