NEW YORK, NY -- (Marketwire) -- 03/26/12 -- The majority of Chinese internet stocks are coming off a difficult week as concerns about China's economic growth stalled an impressive early 2012 rally. Chinese Premier Wen Jiabao, in his annual state-of-the nation report to China's parliament, forecast 2012 growth of 7.5%. That would be the slowest pace of expansion since 1990 and well down on last year's 9.2% growth rate. Five Star Equities examines investing opportunities in China's Internet Sector and provides Stock research on Sina Corporation (NASDAQ: SINA) and Renren Inc. (NYSE: RENN). Access to the full company reports can be found at:
Before last week, Chinese internet stocks were on an impressive run as a large uptick in social network users is expected to boost profits throughout the sector. "China's Internet stocks, especially the bigger names like Sina and Baidu, still have lots of room for growth going forward," Agnes Deng, a Hong Kong-based portfolio manager said in an interview with Bloomberg.
Five Star Equities releases regular market updates on China's Internet Sector 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.fivestarequities.com and get exclusive access to our numerous stock reports and industry newsletters.
Last week The Daily Mail reported that leaders in China have blocked all internet reports of an alleged attempted coup. These reports came on the heels of the dismissal of Communist Party politburo member and Chongqing party chief Bo Xilai. While online reports are being closely monitored by the international intelligence communities, including the US and Britain, the Chinese position of not commenting on internal matters has left many guessing.
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