SHANGHAI, March 19 – Chinese state-owned enterprises’ profit rose 88.9 percent in January and February from the year-ago period, the Finance Ministry said, bolstered by China’s economic recovery. Cumulative profit at state firms for the two months China state enterprises profit up 89 pct in Jan-Feb

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China state enterprises profit up 89 pct in Jan-Feb

� � According to an official with the China Council for the Promotion of International Trade yesterday, a rise in the yuan would be a disaster for Chinese exporters. “If the yuan rises, these companies will face the immediate risk of going bust as their profit margin is already very narrow,” said Zhang Wei, vice-chairman of the association,”So for these companies, the consequences would be disastrous.” And therein lies the rub, especially as Washington pressures Beijing to let the yuan appreciate threatening tariffs in the absence of action. Its Chinese jobs vs. American jobs as the advantages of China’s mercantilist policies reveal a tilted playing field. And while some insist that China is holding all of the cards in this game, I’m not one of them. Of course, how all of this acrimony ends is anyone’s guess. In the short, though, it sure does seem to have the making of a trade war. Meanwhile, James Rickards, former general counsel for Long-Term Capital Management, joined James Chanos and Kenneth Rogoff calling China one of histories biggest bubbles. From Bloomberg by Bei Hu entitled: China in Midst of ‘Greatest Bubble in History,’ Rickards Says “China is in the midst of “the greatest bubble in history,” said James Rickards, former general counsel of hedge fund Long-Term Capital Management LP. The Chinese

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Rickards: China is "The Greatest Bubble in History"

How to Profit from the 3D TV Boom! Panasonic Sells Out the First Week… People scoff at the idea of 3D television. The hangover from a ton of bad revenge of the zombie movies back in the day leave the general public with the idea that its nothing more than a gimmick to sell schlock B movies. But the recent blockbuster Avatar in S3D not only made it the best selling movie of all time, but sent the company IMAX’s shares through the roof… Take a look: Up 700% in 13 months! IMAX has a lot of 3D technologies and could do very well in the future. But as a general rule, I don’t buy at the top. The next big thing is to bring the 3D experience into the home. Panasonic Corp is one company making 3D TVs. The company announced today that they sold out in the U.S. in their first week. Panasonic is already the world’s largest plasma TV maker. The surging demand from retailers for 3D TVs is forcing them to take back orders. We all know that Avatar is the biggest selling movie of all time… but what is really surprising is that the critically panned Alice in Wonderland became the sixth-biggest debut in box office history, boasting the biggest opening for a 3D film. This technology has legs and is going to run. Many expect that sporting events will continue to drive 3D TV sales. The 2010 FIFA World Cup will be broadcast in 3D this summer. (For readers in the United States, that’s a big soccer tournament… ) ESPN will broadcast 85 live events in this technology a year starting in June. Discovery, Disney, Sony are all on board with their own plans. According to Bloomberg, 12.9 million TV sets are expected to ship by 2011�— tripling this year’s growth figures. Without a doubt, these sets will be the next “must own” device. Don’t Knock the Glasses The big knock against this new viewing medium is that you need glasses to see it. If you are going to have a big party, you need a bunch of glasses. You can’t show off…

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3D TVs Sell Out – Here’s How to Profit

U.S. Treasury wants China to raise its currency and Senators are back with a protectionist trade threat against China, with Andy Busch, BMO Capital Markets and John Rutledge, Rutledge Capital. China Currency & Trade

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China Currency & Trade

Go to about the four minute mark on this video and you can hear why we and Meredith Whitney remain concerned about the next leg down for housing, and the fact that banks are ill-prepared to deal with lower housing prices. Whitney also believes that the Fed’s scheduled exit from the mortgage-backed securities market, over the next two weeks, will be met with a “material” correction.” � “Government programs to support housing have been “murky” and when the modifications caused by them come to an end, a lot of supply may come to the market and that’s when the real-estate is likely to go down,” she says. “Hopes that an improvement in liquidity and continuing investment from China in US assets will prop up mortgage-backed securities (MBS) and Treasurys are exaggerated.” A sizable wave of foreclosures is on its way, too. Here’s how to profit before the storm . Are You Prepared for the Next Leg Down? originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Are You Prepared for the Next Leg Down?

Mining firm Rio Tinto has said that China’s demand for iron ore, copper, coal and aluminium will increase dramatically during the next 15 years.The Anglo-Australian mining company then expects India to become the biggest consumer of such resources . Rio eyes continued China demand

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Rio eyes continued China demand

HONG KONG, March 16 – Hong Kong shares may ease for a third straight session on Tuesday, as persistent fears about more tightening measures in China prompt investors to lighten their holdings. Eyes will be on oil firm PetroChina and aluminum maker HK shares may fall for 3rd day; eyes on PetroChina

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HK shares may fall for 3rd day; eyes on PetroChina

Chinese Premier Wen in no uncertain terms has told the US that they will not be pressured into revaluing the yuan and when the moment does come, it will be under China’s terms. He said …

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Back off!

March 15 — Copper fell to a two-week low in London on concern that demand from China, the world’s largest consumer, may weaken because of steps aimed at cooling economic growth. Copper Falls to Two-Week Low in London on China Demand Concern

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Copper Falls to Two-Week Low in London on China Demand Concern

By Jun Ebias and Farah Master HONG KONG/SHANGHAI, March 15 – Shares in China ended at a five-week closing low on Monday, weighing on Hong Kong’s market, amid investor expectations the central bank would step up policy tightening measures after the China stocks at 5-wk low HK market retreats

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China stocks at 5-wk low HK market retreats

China's growing economic power is a growing concern for many Americans. Can the U.S. continue to compete with China in the global marketplace? In a new piece for Reuters, EDF President Fred Krupp says “yes” — through the …

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Can the U.S. Compete with China? Fred Krupp Says “Yes”

SHANGHAI, March 15 – U.S. fund house T Rowe Price is in advanced talks to buy a stake in China’s biggest asset management firm from Citic Securities Co, two sources with direct knowledge of the deal said on Monday. T Row Price has been in talks wi T Rowe Price in talks to buy China fund stake -sources

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T Rowe Price in talks to buy China fund stake -sources