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Why China’s Is Such a Big Deal For Investors – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.

If you think Inc. (Nasdaq: AMZN) will do a booming business on Cyber Monday this year, consider that Chinese shoppers will spend more money today with that country’s top e-commerce website, Ltd., than American shoppers will spend on Black Friday and Cyber Monday combined.

The reason is that Nov. 11 is China’s “Singles Day,” a manufactured holiday similar to Valentine’s Day in the U.S. was the topic this morning (Monday) as Money Morning Chief Investment Strategist Keith Fitz-Gerald joined Stuart Varney on FOX Business “Varney & Co.”

If sounds familiar to American ears, it may be because Yahoo! Inc. (Nasdaq: YHOO) owns 24% of that company and stands to gain from its continued dominance of the Chinese e-commerce market.

What’s more, American investors will soon be able to buy a piece of the company for themselves, as both the New York Stock Exchange and Nasdaq are said to be competing for a U.S. initial public offering expected to take place in 2014.

In the video below, Keith talks about why U.S. investors should keep a close eye on



In case you missed it, here’s what Keith thinks of the Twitter IPO.

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