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SOHU: China Plays With Growth Potential

Posted on June 30, 2008

Over the weekend, the big news was that a Chinese investment manager won the bidding to have lunch with Warren Buffet. Considering that the winner of the lunch last year got the chance with a bid of $650,000, it is rather mind-boggling that a year later the winning bid is $2.1 million! Even more telling is the winning bidder is a Chinese investment manager. How appropriate since China is the world's fastest growing economy. Of course, from an investing point of view, China has been anything but hot. On the contrary, the Chinese stock market has been the worst performer of 2008 after more ...

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china , chinese