{"id":37780,"date":"2013-04-24T01:38:36","date_gmt":"2013-04-24T05:38:36","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=37780"},"modified":"2013-04-24T01:38:36","modified_gmt":"2013-04-24T05:38:36","slug":"the-most-unexpected-data-coming-out-of-beijing","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/04\/24\/the-most-unexpected-data-coming-out-of-beijing\/","title":{"rendered":"The Most Unexpected Data Coming Out of Beijing"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> <\/p>\n

Here’s a shocker for you, straight from Beijing…<\/p>\n

No, I’m not talking about how China’s manufacturing growth unexpectedly cooled in March.<\/p>\n

Fears over a slowdown in the world’s second-largest economy are so<\/em> yesterday’s news.<\/p>\n

Especially after we learned roughly two weeks ago that China’s GDP growth rate slid from 7.9% in the fourth quarter of 2012 to 7.7% in the first quarter of 2013. (That’s great by U.S. standards, but stinks for China. It’s actually the slowest rate in over a decade.)<\/p>\n

Instead, I’m talking about the fact that China just turned its army loose on the United States. That is, an army of financial attorneys.<\/p>\n

Because online retailer, LightInTheBox <\/strong>(Proposed Ticker: LITB), officially filed plans with the SEC to go public.<\/p>\n

What’s the big deal?<\/p>\n

For one thing, it’s the first Chinese company to file for an IPO on a U.S. exchange in 2013.<\/p>\n

More importantly – and I bet you didn’t know this – China-based IPOs have been on a bit of a tear lately.<\/p>\n

Consider: Social network operator, YY<\/strong> (YY<\/a>), which debuted in November 2012, is up 55%. Then there’s online discount retailer, Vipshop<\/strong> (VIPS<\/a>), which IPO’d in February 2012. It’s up by an even more impressive 341%.<\/p>\n

Granted, those are the only two Chinese companies that IPO’d in the United States in the last year or so. But it doesn’t matter. As investors, it only takes one timely investment to meaningfully increase our bottom line. Plus, as the investing adage goes, three makes a trend.<\/p>\n

So is LightInTheBox the next Chinese IPO destined for stock market riches? And, more significantly, is it about to signal the start of a trend? Let’s find out…<\/p>\n

From Boom to Bust… to Boom?<\/strong><\/p>\n

While no investor lays claim to their very own printing press, back in 2010, they had the next best thing – Chinese IPOs.<\/p>\n

A total of 41 China-based companies debuted on U.S. markets that year. In total, they raised almost $4 billion, which accounted for nearly a third of all IPO volume in the United States.<\/p>\n

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And, like clockwork, many of these Chinese IPOs handed switched-on investors triple-digit gains…<\/p>\n