China's Economy Holding Up Better Than Expected - Youku and Sohu.com on the Upswing
16 February 2012 - 12:20AM
Marketwired
Chinese Internet stocks have been on the upswing of late,
outperforming the S&P 500 by a sizeable margin over the last
month. Over that period, TickerSpy's Chinese Internet Stocks Index
(CHDOT) is up more than 9 percent -- helping Chinese shares traded
in New York to a five-month high, Bloomberg reports. Five Star
Equities examines investing opportunities in China's Internet
Sector and provides Stock research on Youku, Inc. (NYSE: YOKU) and
Sohu.com Inc. (NASDAQ: SOHU). Access to the full company reports
can be found at:
www.fivestarequities.com/YOKU
www.fivestarequities.com/SOHU
Chinese internet stocks listed in the U.S. often move in
accordance with investor sentiment towards China's economy.
According to a recent report from Barron's "Chinese Internet stocks
are prominently listed on U.S. exchanges, and are among the most
widely-held Chinese stocks." Fears of a hard economic landing in
China pushed shares of internet firms towards 52-week lows in the
early stages of 2012. However recent measures from China's
government have restored some optimism regarding the direction of
China's economy.
China's economy expanded by 9.2 percent in 2011 from a year
earlier and 8.9 percent year-on-year in the fourth quarter,
according to the National Bureau of Statistics (NBS). "There is not
likely to be any dramatic decline in China's economy this year and
a soft landing will be achieved," Pan Xiangdong, chief economist
with China Galaxy Securities, said in an interview with Xinhua.
Five Star Equities releases regular market updates on China's
Internet Sector so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
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The number of those accessing the Internet grew 12.2 percent
last year, said the China Internet Network Information Center.
There were 356 million mobile Internet users in the country by the
end of 2011, a year-on-year increase of 17.5 percent. Even still,
the proportion of China's population who are Internet users, 40
percent, is low compared with that of developed Asian countries --
for example, the Internet analysis firm Miniwatts Marketing Group
says that more than 70 percent of the Japan, South Korea and
Singapore population are online.
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