For Grid-level Battery Storage for renewable energy, Sungrow is the world's largest battery producer: https://en.sungrowpower.com/Solutions/6/storage-system
"unemployment rate for young people aged 16 to 24 soared to record 21.3%. Now, that figure is at 14.9%"
> Did you check that data before publishing this article? When the youth unemployment data came out embarrassingly bad, the National Bureau of Statistics stopped publishing it and had recently changed the method of calculation to get a lower figure but they are not comparable to the previous data! See CEIC data here: https://www.ceicdata.com/en/china/surveyed-unemployment/cn-unemployment-rate-age-16-to-24
Also see the recent FT.com article on this issue of unreliable data from China:
This comes on the heels of measures to suppress data that convey bad news.
When fertility rates started falling a few years ago, raising concerns about a shrinking labour force, the government stopped releasing that data.
When youth unemployment rates surged last year, the government discontinued those data as well. Now it is publishing unemployment data with supposed “improvements” that show lower youth unemployment rates but that are seen as less credible.
Data about consumer confidence and financial markets have also been subject to blackouts
However, I would not invest in any of them as they are only nominally 'public listed' companies.
That is why your choice of Caterpillar is likely to be a much better investment, even if they may be losing market share to their local competitors in China. regards,
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Making Returns In The Roaring Twenties In Asia
Do you have the names of those 10 US-listed Chinese companies?
Did you manage to invest in Chinese companies whose listings did *not* disappear?
Making Returns In The Roaring Twenties In Asia
For Grid-level Battery Storage for renewable energy, Sungrow is the world's largest battery producer: https://en.sungrowpower.com/Solutions/6/storage-system
Second largest is Hypergrow:
https://www.hyperstrong.com/en
Both are in China. Sungrow is listed on the Shanghai exchange.
Diesel-powered generator demand is in continual decline globally.
Toward China's Soft Rebound
"unemployment rate for young people aged 16 to 24 soared to record 21.3%. Now, that figure is at 14.9%"
> Did you check that data before publishing this article?
When the youth unemployment data came out embarrassingly bad, the National Bureau of Statistics stopped publishing it and had recently changed the method of calculation to get a lower figure but they are not comparable to the previous data!
See CEIC data here:
https://www.ceicdata.com/en/china/surveyed-unemployment/cn-unemployment-rate-age-16-to-24
Also see the recent FT.com article on this issue of unreliable data from China:
This comes on the heels of measures to suppress data that convey bad news.
When fertility rates started falling a few years ago, raising concerns about a shrinking labour force, the government stopped releasing that data.
When youth unemployment rates surged last year, the government discontinued those data as well. Now it is publishing unemployment data with supposed “improvements” that show lower youth unemployment rates but that are seen as less credible.
Data about consumer confidence and financial markets have also been subject to blackouts
https://www.ft.com/content/4f25f36e-1234-41e3-9d34-a488f8ff631b
Making Returns In The Roaring Twenties In Asia
Hi James, wishing you "Xīnnián kuàilè" (新年快乐)!
Here are some of Caterpillar's local Chinese competitors you may want to take a look into:
Zoomlion Heavy Industries:
https://en-product.zoomlion.com//product/pro_list.htm?sCat=64
Sany Heavy Equipment:
https://www.sanyglobal.com/product/
XCMG (Xuzhou Construction Machinery Group):
https://www.xcmg.com/en-ap/product/products.jsp
However, I would not invest in any of them as they are only nominally 'public listed' companies.
That is why your choice of Caterpillar is likely to be a much better investment, even if they may be losing market share to their local competitors in China.
regards,
Wimal