Luis VuittonMulti-billionaire investor Warren Buffet is credited with giving this nugget of financial advice: "The 19th century belonged to England, the 20th century belonged to the US, and the 21st century belongs to China. Invest accordingly."
By John Sheehy:China Xiniya Fashion (XNY) shares appear attractively priced at 4.3X my estimate of 2013 earnings and 29% of tangible book value (mostly cash). In order to better understand the company I recently traveled at my own expense to the beautiful island city of Xiamen in Fujian Province to meet with XINIYA and visit several of its retail outlets.
Milan (AFP) - Ports 1961, the designer subsidiary of Hong Kong-based Chinese fashion retailer Ports Design Ltd., is poised for "substantial growth" in Europe after completing an Italian makeover, according to chief executive Salem Cibani.