The Chinese government released trade data that portrays a $7.3 billion deficit. Is that believable or just convenient amid the international pressure to raise the value of their currency? We can hardly believe what comes out of Washington, so data coming out of China has to be quite suspect.

I'm sure they retained qualified independent auditors to ascertain the validity of the figures -- yeah right ...

Continue reading Chasing Value: A Chinese Trade Deficit?

Chasing Value: A Chinese Trade Deficit? originally appeared on BloggingStocks on Fri, 11 Mar 2011 16:00:00 EST. Please see our terms for use of feeds.

"Much of China's continued economic growth is going to be fueled by rather mundane stuff, like aluminum, which is why we think it is time to consider Aluminum Corp. of China (ACH)," says China stock expert Keith Fitz-Gerald.

The editor of The New China Trader explains, "Based in Beijing, Aluminum Corp. -- also known as CHALCO -- is the world's second-largest alumina producer.

"According to Pittsburgh-based aluminum giant Alcoa, Chinese consumption of aluminum is expected to grow by 21% in 2010. Growth in the rest of world is only expected to increase by 6% over the same time.

Continue reading Aluminum Corp. of China (ACH): 'Big Time Profits'

Aluminum Corp. of China (ACH): 'Big Time Profits' originally appeared on BloggingStocks on Tue, 05 Oct 2010 10:00:00 EST. Please see our terms for use of feeds.

Continue reading Serious Money: Anglo American - Xstrata merger?

Serious Money: Anglo American - Xstrata merger? originally appeared on BloggingStocks on Mon, 22 Jun 2009 09:40:00 EST. Please see our terms for use of feeds.