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More Than Lip Service in China?

By Kris Eddy | More Articles
November 18, 2009 | Comments (5)

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Anyone want to parse the speeches President Obama and Chinese President Hu Jintao gave during a press conference Tuesday in Beijing? Well, maybe just check out the Washington Post story on the event and save the transcript for the weekend. Then ask yourself whether anything the leaders said makes you feel more comfortable about investing in China.

Here are a couple of tidbits:

Hu: "The two sides reiterated that they will ... continue to have consultations on an equal footing to properly resolve and address the economic and trade frictions in a joint effort to uphold the sound and steady growth of their business ties and trade."

Obama: "[W]e agreed to ... pursue a strategy of more balanced economic growth -- a strategy where America saves more, spends less, [and] reduces our long-term debt, and where China makes adjustments across a broad range of policies to rebalance its economy and spur domestic demand."

Do your fellow Fools a favor. Scroll down and sound off in the comments box below about the president's trip to China and what it might mean for American investors who want to take advantage of the economy there and companies such as PetroChina (NYSE: PTR  ) , New Oriental Education & Technology (NYSE: EDU  ) , CNOOC (NYSE: CEO  ) , and China Marine Food Group (NYSE: CMFO  ) .

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Kris Eddy owns no shares of any stocks mentioned in this article. CNOOC and China Marine Food Group are Motley Fool Global Gains recommendations. The Fool has a disclosure policy.


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 18, 2009, at 11:18 AM, lordhep wrote:

    <i>a strategy where America saves more, spends less, [and] reduces our long-term debt,</i> LOL, I don't think the Chinese are stupid enough to believe that. How much do you want to bet that that meeting was obama asking them to extend our credit limit because they are maxing out the cards again?

  • Report this Comment On November 18, 2009, at 12:31 PM, rj8118 wrote:

    re-elect no one and force one term, term limits. this will eliminate lobby and re-election scam

  • Report this Comment On November 18, 2009, at 6:51 PM, LLJJJOHNNY wrote:

    GREAT IDEA!! BUT, I SUGGEST THE SINGLE TERM BE FOR 6 YEARS.THAT GIVES THEM TIME TO GET THINGS DONE, BUT NOT HAVING TO BE THINKING OF RE ELECTION..

    LLJJJOHNNY

  • Report this Comment On November 19, 2009, at 12:50 AM, bc0203 wrote:

    Hm. China is about to pop have an asset bubble burst due to government intervention (i.e. instructing banks to ease lending standards to stimulate the economy), and the US is currenty at the point where it has few choices to pay off its national debt other than by monetizing it.

    Why would you invest in either country?

  • Report this Comment On November 19, 2009, at 12:56 AM, bc0203 wrote:

    Hm. Invest in a country who is about to have an asset bubble burst because it instructed it's bank to relax lending standards (China), or in a country who is rapidly running means to realistically pay off it's national debt other than monetizing it (USA). Can I pick option C, please?

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