China View: 12/04/2008  

CHINA VIEW. No one is talking about or highlighting any data about how America’s nervousness about buying anything Made in China is affecting China’s exports this holiday season. I did hear one report awhile back that those larger seaboard shipping containers, containers carry imports, coming in to the US west coast have been slowing. Seems to me this ugly feeling of having to "wash one’s hands" after touching any products Made In China has to be having a major impact. And when this news comes out – although I’m sure China will fudge it as much as possible and there are no controls on anything China does or says – some investors will wake up and start selling China. Actually China’s Shanghai Stock Index fell another -2.63% today and is now down -20% off the October 16^th top, so maybe Chinese investors themselves are worrying. I have to think the global supply pipeline from China is backing up big time in spite of Wal-Mart saying their sales are good. Because it’s extremely difficult to buy anything not made in China and we all HAVE to give presents for the holidays. But afterwards, who’s going to buy anything made in China? I’m really going to boycott China seriously. Schwartz View: I just started reading Peter Navarro’s new 2007 book: THE COMING CHINA WARS. Just to understand both sides of the story that China is the next great country. The first thing I noted was the book was taken out of the library eight times since July before me. More about the meat of the book later but for now those who read it before me have be concerned about buying Chinese. My growing fear is its going to be a boycott by America against anything Made in China which is going to cause a global stock market crash.