In today’s video I look at the collapsing Shanghai Composite Index but first I check in on our markets and several key ETFs including IBB and XLF. This is a very brief view of what my Insider Members get.
Much has been made about China’s makeover during the last 25 years. What has occurred there is fascinating. Here are 10 curious things:
China is now the No. 2 economy in the world based on GDP.
More people live in China than in any other country on the planet. The world population is 7.3 billion according to the U.S. Census Bureau and China has 19% of it at 1.373 billion.
688 million. That is the estimate for the number of internet users in China at the end of 2015 according to data from the China Internet Network Center. Let’s see, that’s about 50% of their population and more than twice the total number of people in the United States.
The 3 Gorges Dam on the Yangtze River is the world’s largest power station in terms of installed capacity at 22,500 MW.
China launched it first moon space mission on Dec. 2, 2013 and China’s Yutu rover is currently exploring the moon’s surface.
That is the title of a very interesting video produced by the folks at Financial Times (FT). This video was just published on March 9th.
China has approximately one-quarter of the world’s population and it’s economy has grown rapidly for many years. In recent years there has been a significant slowing in that growth. Continue reading
China just released two more readings on their economy very early Saturday morning, Dallas time. Both reports showed that the China slowdown continues.Continue reading