Problem: Too much noise, not enough experienced judgment. Roiling global currency, commodity and stock markets with its actions, China has re-established itself as a key factor for investors to consider. However as investors found, that is easier said than done. With very little informed information let alone analysis coming out of China it is still treated as an opaque Middle Kingdom that will remain an arcane mystery to the outside world. 

Solution: Research-Works' China Service cuts through this miasma to find the reality and the stock picks. With 10 people in China and another five outside, it builds a broad knowledge platform from which to make informed decisions on industries, companies and market-moving events. 

Reports: We take a fundamental approach to China so as to build an understanding of reality. This has led us to look for the big ideas that are the building blocks of any economy or market. These have included:

• •Urbanisation. What is the true scale by 2020 ? What is the investment impact of another 120mn people moving into the cities by 2010 ? Which sectors and    stocks benefit and when ?
  

• Leveraging the Chinese Consumer. What is consumer finance doing to stimulate housing, autos and white goods as China starts to Live Now, Pay Later ? What are Chinese household incomes ?




• Margins. Are profits collapsing, triggering the next crisis? Or is Corporate China in its best shape ever ?

          •
We cover over 50 China stocks. This is expected to rise to 80-100 by end 2007, covering most of the major sectors. 

         Sector Analysis: In-depth analysis of the sectors is an integral part of the China Service. This is designed both for Asian specialists

         and for global investors who need to know how China impacts their investments worldwide. Sectors include: Steel, Telecoms, Power,

         Autos, Auto Parts, Textiles, Consumers, Home Appliances, Expressways, Rail. 

         China Monitor: Each month we review the main data that we think gives the most reliable guide to China's economy. This provides

         a guide to the economy over the next 3-6 months and to likely policy-maker moves. 

         Industry Monitors: These do for an industry what the China Monitor does for China macro. In 20 minutes a month it keeps investors

         abreast of the latest trends, So far there are Monitors on Steel , Telecoms and Textiles. Soon they will include Power, Infrastructure

         and Autos. 

         China Emails: Update investors with key data or events that indicate direction or explain developments. 

         China Companies Handbook: This ground-breaking work compiles the data and key company information on 200 China Plays

          plus analysis of 20 major sectors. 

         Data Base: Access to rigorously tested five-year data on over 400 A and H shares plus industry data. 

         Conferences: These major investigations of the Chinese economy and the impact of its structural change are the centre piece

         of workshop conferences. For an idea of the scope of these conferences see Urbanisation which was held over four days in Shanghai

         and Chongqing on the Impact of Urbanisation on investment. 

         Experience: Hugh Peyman, has headed Asian research for Merrill Lynch and Dresdner Kleinwort Wasserstein. He is based

         in Shanghai,having been involved with China for over 30 years. With 15 people working on Greater China, there is both depth

         and experience. Access to Hugh and the sector analysts is welcomed. 

          Results: This fundamental approach has paid off, both in and out of China: