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Market Watch The Investment Alternative to China
Market Watch The Investment Alternative to China 
Market Watch
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by Andrew Mickey Last Saturday, the entire mining industry converged in Vancouver to recognize the most successful projects, analysts and financiers from the last year. After such a great year for the commodities market, you can bet it was going to be a fun affair with everyone involved. |
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| The Investment Alternative to China |
| Tuesday, 18 September 2007 | ||||||||
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But many other overseas markets with half the transparency and a quarter of the rigorous Taiwanese accounting rules have done two or three times better.What gives? Is it Taiwan’s pedestrian economic growth of four to five percent per year? So what that countries such as Bangladesh and Cambodia average one or two percentage points higher than Taiwan’s economic growth. To me, it’s no contest. Give me the strong high-tech sectors of Taiwan and its reasonably valued companies over these two needy countries. So is it that Taiwan is in China’s cross hairs? Do you really think that the day after the Beijing Olympics closing ceremonies, China is going to give up all that hard-earned goodwill to invade Taiwan? I don’t buy this scenario for a second.
Sure, the Olympics will strengthen China diplomatically, but any “reconciliation” isn’t going to happen overnight. Hong Kong and Macao show that China’s diplomacy is as deliberate as it is stubborn. Before Taiwan is swallowed up by China, it will enjoy many more years of prosperity. At the moment, its market has found support for a new uptrend at its 20-week moving average. And unlike some other overseas markets, the Taiwan market isn’t overpriced. By Andrew Gordon
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