I guess that I shouldn’t be surprised, but the list of today’s biggest stock price gainers on the NYSE caught my attention.  Seven of the top ten are China oriented companies.  Six of them have “China” in their names.  The top gainer, Global-Tech Appliances Inc. (GAI), is a Hong Kong based company that develops and sells small household appliances to developing countries.  It also sells CMOS camera modules to device manufacturers in the P.R. China.

   Issue            Vol(K) Price  Chg  %Chg
1  GlblTch(GAI)       883  $4.93  0.84 20.54
2  ChinaDgtTV(STV)* 8,540  49.13  6.86 16.23
3  PtroChna(PTR)*   2,451 216.13 22.85 11.82
4  ChinaAir(ZNH)*     479  75.15  7.82 11.61
5  RogersCp(ROG)      764  46.96  4.67 11.04
6  ChinaTele(CHA)     690  89.03  7.34  8.99
7  ChinaEAir(CEA)      74 103.00  8.26  8.72
8  ExcelMr (EXM)    1,099  70.58  5.45  8.37
9  TerraInd(TRA)    3,154  33.96  2.46  7.81
10 AluCpChina(ACH)  1,403  79.58  5.51  7.44

* - ADS
Source:  The Wall Street Journal

Some of the trading volumes are relatively modest, and I recognize that GAI’s share price is low, so a small increase in price results in a relatively large percentage gain.  However, even taking those factors into consideration, this is worth paying attention to.  I can’t help but wonder what to make of this.

Does this performance suggest that we should all be investing in China, or does it tell us that the bubble there is inflating dangerously?  Either way, I look forward to the region taking the world’s economy on a wild ride for the next several years!

Technorati Tags:  China, China Outsourcing