Man, somebody must be watching my blog closely. Last time, I mentioned CREE, a week later, it jumps 15%+. Last week, I mentioned about China  own investment Fund, this week, it is formed. here is link http://biz.yahoo.com/ap/070927/china_investment_fund.html?.v=2

the money question is where they going to invest. I think as a new arena for the chinese government, they will likely invest a majority in Treasures and bonds, and graduately increase their equity investments. In truth, I think China will invest a big portion in itself, where else would they find a higher return, and on top of that, it will help and stimulate its own economics. So over and over again, I have named many on top of many reasons to invest in China. Well, here is one more.

Of course, right now is the prefect timing too. if you invest now, hold it for a year, so by this time of next year, in midst of the Olympic, you can start to divest and cash in your profit, and brace yourself for the bubble. But that remain to be seen. Anyway, now is the right time, if you haven’t already, if you want to take advantage of the Long-term capital tax benefit and still give yourself enough time to jump off the train, before it would  collide. I would suppose this will happen after the Olympic event if it would occur.