Asian markets rebounded Wednesday, with the major tech exporters such as Canon Inc. and banks such as HSBC Holdings advancing on the back of Wall Street gains overnight. The airline and automobile stocks across the region climbed after a pullback in crude-oil prices. Source ( http://money.cnn.com/news/newsfeeds/articles/djhighlights/200807300040DOWJONESDJONLINE000010.htm)
Pre-Olympic Games buying looks the trend analyst in favorable from mainland China. The Chinese eat more pork than the rest of the world combined. The country consumes seven times as much as the No. 2 consumer, the United States and consumption is increasing. According to the USDA, Chinese pork consumption rose 22% between 2002 and 2006. There's a big opportunity for America and Canada to export pork to China. the slowing U.S. economy has already gutted the profits of low-cost Chinese electronics, toy, and furniture producers who employ millions of workers.
This why Chinese Premier Wen Jiaboa met with U.S. secretary of State Condoleezza Rice this week, to (1) to outline measures it was taking to safeguard its own economic development and (2) outline their own efforts to boost the U.S. economy.
Their plan will not only create greater growth between both countries. China its economy is growing like a weed. Its standard of living is on the rise. And its people now have the means to not only lift themselves from a dirt-poor, country existence, but also to one of a much richer lifestyle, filled cell phones, big screen TVs, and cars. The jobless rate clime up and many financial and other industries meet with obstacle in US. China was keep growing and the citizen growth in their income.
And many facts and figure by all accounts “China’s growth is dead,” Wall Street’s analysts are not only missing this story but also U.S. investors are missing out on huge profits that are headed this way.(Robert Hsu Editor, China Profit Strategy)
