financial advice

There are only two Chinese companies I would invest in right now on a speculative basis: Baidu, the big Internet company, and Focus Media, the advertising company. PetroChina intrigues me as well, as does China Mobile. I just wish they would come down in price a bit. In general, I would advise being very cautious when investing in the Chinese market. I fear one day the Chinese government might say, "Look, we want stocks lower. We’re not going to allow people to borrow money to buy stocks." And that can really hurt the market, so I don’t want to be overinvolved in China.