This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China Watch: No Speed Bumps in Infrastructure Race

Relatively few overseas firms have helped China build infrastructure because the government distrusts foreign interests in top-priority state projects, hiring them only when local talent is found unqualified.

But those who look at the fine print on infrastructure projects in China will eventually see the name ThuyssenKrupp (TKA.DE). The German metal worker opened its Asia headquarters in Shanghai in 2003. In just its first few years it was selling 60,000 elevators annually to China and had sold technology for the Shanghai airport maglev airport train. Its share prices have fallen a steep 62% since July 2011 but mostly in tandem with the global market slump in August.

Another one to follow, Thales SA (HO.PA), once won a $21.6 million contract for equipment and service at an airport in southwestern China.

China's infrastructure momentum puts a solid support beam under the entire world's No. 2 economy, not just individual companies. When China booms, emerging markets elsewhere tend to tag along and investors in other countries feel warm and safe about risky assets -- meaning stocks as a whole won't fall through the floor.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.25 -0.14%
FB $81.66 -0.68%
GOOG $542.45 -1.00%
TSLA $187.51 -0.67%
YHOO $44.13 -0.69%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs