The Sun’s Financial Diary

The economic crisis around world has put China under the spotlight. The world’s third largest economy, who also holds nearly $2 trillion in foreign exchange reserve, has started to use its nearly $600 stimulus package to revive its economy, building highways and railroads, investing in educations, and improving social welfare. While banks in the U.S. [...]

To all who celebrate the Lunar Chinese New Year!

2009 is the Year of Ox (Bull?), one of the favorites among the 12 Chinese Zodiac animals. After seeing what happened in 2008, let’s hope a better 2009!

It was September when I last updated Chinese ADRs. So it has been quite awhile and what happened in the past three months wasn’t pretty, as we all know. U.S. stocks weren’t the only ones that suffered. Stocks around the world have been beaten down a lot, including Chinese stocks and Chinese stocks traded on [...]

Last week, I showed a picture of a building which we visited when in China and asked whether you have any idea what it is. I don’t know exactly what your answer is, but what I am going to tell you may surprise you a little bit.
Well, the building in the picture is not an [...]

It seems that it was just last week I announced here that I am going to take a vacation in China. But good time did go very fast and my month-long break came to an end yesterday. We flew back from Beijing on Sunday, October 26. The plane touched down at Newark at 5:15 pm [...]

Last weekend, we went to Wuxi (Wúxī) of Jiangsu Province (WuXi Pharma Tech, NYSE: WX, is located in the city) to meet some college classmates in that area. The reunion was great because I haven’t seen some of them since graduation. When we were in the city, my friend also took us to tour a [...]

After leaving Lanzhou last week, our trip in China took us to the eastern city of Suzhou, Jiansu Province. Suzhou is famous for its classical gardens that have hundreds of years of history and Yangcheng Lake crabs. However, I am not going to talk about gardens and huge crabs today. Instead, I am going to [...]

It has been a miserable year for Chinese investors.

Exactly, one year ago on October 16, 2007, Shanghai Stock Exchange Composite Index closed at its all time high of 6,092.06 points. When 2007 began, the index was at 2,675.47, that should give you a sense how fast and how much Chinese stocks have gained last year. [...]

As our stay in Lanzhou comes to an end, I’d like to share with you what Lanzhou looks like if you have never been here before.

Lanzhou is the capital city of Gansu province, located in the northwest of China. The city is surrounded by several mountains such as Wuquan Mountain (where the above picture was [...]

Have you ever tried hot pot before?
Hot pot is very popular in China and you can find it in many restaurants in China all season long, not just when the weather is cold. I know there are a few Chinese restaurants in New Jersey serve hot pot in the winter, but the taste is just [...]