Recent default warnings from one of China’s leading real estate development companies signaled a bigger property problem in the sector.
China’s technology sector has cratered since February and we view the selloff as a buying opportunity in China tech.
Tourists from China spent more money abroad in 2012 than tourists from any other country. At US$102 billion, Chinese international tourism eclipsed — by 20% — the total amount spent by either German or U.S. tourists. Only seven years earlier, China spent less than one-third of what these two countries spent on travel. As massive