The enormous changes that took place in China over the past 30 years have given people of the world more imagination and expectation about China.
Houston, TX (PRWEB) August 3, 2008
The 29th Olympiad, the Beijing Olympic Games, starts this week on Friday, and investors who have been facing declining stock prices and recession in the U.S. should be looking at China for more than entertainment. Trippon, who edits the award winning China Stock Digest, points out "in the last 6 Olympic Games, there had been an average 19.12% increase in the hosting countries stock indexes in the six months following the games. In the 12 month after the Olympics, the stock indexes had a strong 26.14% average increase." Trippon leads an annual trade delegation to China.
Trippon believes the reasons for this phenomenon in the stock market of Olympic host countries are as follows:
1. Investors showed confidence in domestic economic growth of the host country;
2. Investments in traditional business during the Olympics returned to the capital market.
"These factors caused the increase on the stock market 6 months after the sporting event," according to Trippon. "The infrastructure construction, system establishment, and environmental protection among others for the Olympics gave a lasting boost to the hosting countries' economy. Therefore, although GDP growth in those hosting countries showed a certain degree of slow-down, generally speaking, the hosting countries' economy maintained a relatively high speed of growth. What's more, the reduction of bubbles in the post-Olympics capital market has typically ensured steady and benign growth. History clearing indicates that the lasting winner of the Beijing Olympics will be the Beijing economy," says Trippon.
An authoritative report shows that the 1984 Olympics brought 3.29 billion USD in earnings to South California; the 1992 Barcelona Olympics helped Catalonia earn 26.048 billion USD; the 1996 Atlanta Olympics acquired 5.1 billion USD for Georgia; the 2000 Sydney Olympics secured 6.3 billion USD for New South Wales and Australia.
China's economic impact from the Beijing Olympic Games is likely to be greater than the historical average according to Trippon: "The enormous changes that took place in China over the past 30 years have given people of the world more imagination and expectation about China." China Stock expert, Jim Trippon, concludes "the Gold in Beijing this year will won by savvy investors as well as athletes." Bloggers following the Beijing Olympics "would be wise to follow their financial markets as well." says Trippon.
Trippon is Editor-in-Chief of China Stock Digest, America's #1 pure play China stock newsletter resource for research on the large public company stocks of China. Trippon leads annual investor trade delagations to China and his China Stock Digest has been recognized as the top performing China advisory by the Hulbert Financial Digest, a division of Dow Jones. Hulbert is America's premier independent rating service for investment newsletters. China Stock Digest also ranked #2 in overall performance among all financial newsletters for 2007 by returning gains of 58% to the newsletter's subscribers during 2007. That result bettered China Stock Digest's 2006 return of 39%.
Trippon's is author of Becoming Your Own China Stock Guru: The Ultimate Investor's Guide to Profiting from China's Economic Boom Wiley (April, 2008).
Trippon has been widely featured as an on air contributor to CNN, CNBC, Fox News, Fox Business, and many other national and international media outlets. For more information or to book an interview with Jim Trippon, contact Amal Zaid at (713) 661-3806 or pr @ trippon.com or visit China Stock Digest.