The car is being heralded as an engineering triumph, with 34 patents applied for. Tata says the vehicle will be very fuel-efficient, traveling 20 kilometers on a single liter of gasoline.

 

有人敢坐吗？？ 只须美金2500=马币7500=人民币17500！！！！目前世界上最便宜了！卖一部电脑就能买一部车了！哇塞！那不是差不多每个人都有车？（不是自行车耶！你看过上海的自行车吗？现在要是人人有车，就是这么恐怖了！有车还那里都不能去呢！。。。因为超堵啊！）再说，要是发生车祸意外，“肯定死得很惨”！因为是你买的烂铜烂铁呀！ 要三思。。。。。。

 

好久没写BLOG 喽。 真的忙！EH！ 不过最近心痒痒的想要一部电脑。以前会买新的，旧的就摆到“博物馆”去。现在就不想喜新厌旧，还是会用我现有的电脑，但就想要一个很PORTABLE 的，非常轻便，去到那里都有电脑。（我的生活，少不了它）可是，那一个好呢？大家不如来给点意见？

 

 

 

 

Here is my theory how current market weakness will play out:

• No change in China GDP growth - over 11% in 2007
• U.S. subprime related bad inventory will be out by end of 2008
• Chinese companies will report strong earnings, pleasantly surprising the world how resilient they are to U.S. slow down

If this is the case, Chinese ADRs are BUY under current subdued market conditions. Now, let's talk a little more about those three bullet points.

• No change in China GDP growth - over 11% in 2007
  Most economist agree that China's increase in gross domestic product (GDP) is 11.4 percent in the current year. That marks over 10 years of double digit growth. Size of China's economy will surpass that of Germany in 2008, just ranking behind Japan and the U.S. I personally believe China's GDP growth will be double digit in 2008 with no signs of slowing. What does that mean for China stocks and China ADRs in particular?
  The price of stocks is determined by earnings or profit. The more profit the company makes the more the company is worth. If you went to business school you know how to calculate present value of future earnings. If you didn't go to business school, then simply believe me this. The more the company makes and most importantly, WILL MAKE, the more the company is worth. Now if you divide net worth, called market cap, by number of shares, you get a price per share of share price. This is how much you and me pay for each share.
  The good news is that Chinese companies are not only profitable now (Petrochina is Asia's most profitable company for example) but they will make even more in the future. This assumption is based on China's overall economic activity, measured by GDP growth. So if China's economy does well, it means that Petrochina will build more pipelines, gas infrastructure, has to explore more oil etc. It also means that China Mobile will be able to sell more prone plans, expand its subscriber base and make even more profit. And so on.
  My point is here that China's overall growth means that the best Chinese companies will make more and more profit, fueling share prices to new highs.
  
• U.S. subprime related bad inventory will be out by end of 2008
  Banks stopped irresponsible lending practices at the end of 2006. Those of us who live in the U.S. know that lot of people got mortgages who shouldn't have. I personally came across a top manager at one of the big banks, telling me that they - the bank - gave everyone money, regardless of credit history. The problem of adjustable mortgages, those that kick into high gear in two years, has a limited time span. After 2008, no more two-year adjustable mortrages will bring on more foreclosures. Simply because there will be none. Those that are out there were underwritten between 2004-2006 and all of them will expire by the end of 2008.
  It doesn't mean that all bad inventory will be out by 2008, simply because foreclosure is a long process. I estimate however that banks will stop reporting more mortgage related losses by 2008 Q1, and this will be a huge relive. From this point on the U.S. economy should switch into higher gear, firing up stock markets again.
  

• Chinese companies will report strong earnings, pleasantly surprising the world how resilient they are to U.S. slow down
  Emerging Asia to weather global econ slowdown - Fitch
  HONG KONG, Dec 14 (Reuters) - Asian emerging economies are well positioned to withstand any global downturn next year thanks to current account surpluses and surging foreign exchange reserves, Fitch Ratings said on Friday. Still, economic growth in the region will come down to 7.7 percent in 2008 from 8.7 percent this year because of slowing exports, with Indonesia and Thailand among the few likely to buck the slowing trend, the credit ratings agency said. "Virtually all economies in the region are well prepared for an external shock," said James McCormack, head of Fitch's Asia sovereign ratings group during a teleconference with investors and reporters. McCormack said current account surpluses were the norm across most of the region, while foreign exchange levels were at either records or near record levels, adding "these two factors will prove a pretty comfortable cushion for Asia". Fitch forecast China will again top the region's economic growth table, with a 10.1 percent increase in gross domestic product (GDP), though this would be slower than the 11.4 percent seen this year.

For me, this is a time to buy. Once Chinese companies report 2007 Q4, don't get off guard how well they will do. And as history has shown it many times, Chinese ADRs recover just as fast as they fall. Don't miss out on such a huge opportunity.