"Where," asked Jack Nicholson's character about Batman, "does he get all those wonderful toys?" Many readers wonder about where I get so many great articles. I get them sent to me by a "network" or readers and friends who look for the studies that truly shed light upon our current world. This week's letter was forwarded to me from a friend in England, but the article comes from another corner of the world. This week's Outside the Box is a thought-provoking piece on China from a group headquartered in Hong Kong called GaveKal Research Limited. Louis Vincent Gave's GaveKal Ad Hoc Comments for Thursday, October 21, 2004 focused on what he sees as 5 major misconceptions about China. You should make sure and read the first one about China and oil. It is not the standard view you see in the papers and on TV.
I would like to thank GaveKal for giving me permission to share their comments with my readers. Let's take an "Outside the Box" look at China.
John Mauldin, Editor
Outside the Box
In the following Ad Hoc comment we review what we believe are some of the more common consensus misunderstandings about China. Granted, we might be very wrong. After all, when looking at China, one is forced to look at either the official government statistics, or the limited market data. And making educated guesses with the above data points are often just that: educated guesses!