NEW YORK, NY--(Marketwire - Nov 28, 2012) - Chinese stocks received a boost last week as China's soft economy, which is set to grow at the slowest pace in over a decade, showed some much needed signs of improvement. The Bloomberg China-US 55 Index (CH55BN), which tracks the performance of the top 55 Chinese equities trading in the US, surged 2.3 percent last Friday. The Paragon Report examines investing opportunities in Chinese Equities and provides equity research on China Digital TV Holding Co., Ltd. (
A recent survey has shown that manufacturing in China, the world's second largest economy, expanded for the first time in 13 months. HSBC's Purchasing Managers' Index last week rose to 50.4 for November, any reading above 50 signals expansion. China's leaders have slashed interest rates twice since June and have announced $150 billion in infrastructure projects in attempts to boost its slowing economy.
"It shows that the policy easing has continued to support a growth recovery, and reinforces our view that growth will pick up strongly in the fourth quarter to 8.4% from 7.4% in the third quarter," said Nomura economist Zhiwei Zhang.
Paragon Report releases regular market updates on Chinese Equities so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
China Digital TV is the leading provider of CA systems to China's expanding digital television market. CA systems enable television network operators to manage the delivery of customized content and services to their subscribers. Shares of the company fell sharply last week after reporting it had swung to a net loss of $11.4 million in the third quarter, compared to a net income of $7.1 million in the second quarter of 2012.
Giant Interactive Group is one of China's leading online game developers and operators in terms of market share. The company is mainly focused on massively multiplayer online, or MMO, games that are played through networked game servers. The company has a number of games in its pipeline which they believe will help boost growth in the fourth quarter.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: