China GDP To Keep Rally Going?

Wednesday, 14 Apr 2010 | 5:56 PM ET

China will release its first-quarter GDP info on Thursday. What must you know?

According to our news partner Reuters, expect China to say its economy grew about 11.9 percent in the first quarter from a year earlier.

Those results not only would top expectations but they would suggest that China’s economy is expanding at the fastest annual pace in nearly three years.

Also watch CPI data out of China, counsels Fast Money emerging markets trader Tim Seymour. “I’m a little worried about inflation.”

However, according to Reuters, Seymour’s fears may be unfounded.

Reuters expects to hear consumer price inflation in March was roughly 2.4 percent,. That would be a deceleration from the 2.7 percent rate in February and below forecasts of 2.6 percent.

China's Economy Last Quarter
GDP: 10.7%
Exports: 28%
Industrial Output: 18%
Retail Sales: 18%
Car Sales: 76%


What’s the trade?

I like playing China with online gaming companies such as Giant Interactive or Changyou.com , counsels Brian Kelly.


Under The Radar: South Korea

If you regularly put money to work overseas you might want to take a hard look at South Korea.

After contracting sharply in 2008, Asia's fourth-largest economy recorded four straight quarters of growth in 2009.

That kind of economic strength combined with South Korea’s aggressive response to its weak banking system led Moody’s to upgrade the nation’s bond ratings to A1 with a stable outlook from A2 -- the first increase since July 2007. (A1 is the fifth-highest level and six rungs above "junk" status.)

"The change has been prompted by Korea's demonstration of an exceptional level of economic resilience to the global crisis, while containing the government's budget deficit," said Tom Byrne, a Moody's senior vice president, in a written announcement.

Want more trades? Find out what Mike Gurka of Neural has to say. Watch the video now!

Take Your Position: China
Discussing whether China will feel pressure to raise rates on GDP figure, with Michael Gurka, Neural Markets Global Assets strategist.

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Trader disclosure: On Apr 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Kelly Owns (DHI), (MS), (GOOG), (IBM), (TXN), (S); Terranova Owns (AXP), (HES), (TER), (APA), (YHOO), (MOS), (SWN), (XCO); Terranova Is Short (LCC); Terranova Owns (C) Calls; Kelly Owns (FXE) Puts ; Kelly Owns (FRE); Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (BTU), (C) ; Seymour Owns (BAC), (EEM), (F), (INTC), (LVS), (SBUX), (AA), ( BX), (MGM); Najarian Owns (BAC) Call Spread; Najarian Owns (C) Calls; Najarian Owns (FITB) Calls; Najarian Owns (LVS) Call Spread ; Najarian Owns (MOS) Call Spread; Najarian Owns (PCX); Najarian Owns (YHOO) Call Spread; Najarian Owns (YUM) Calls; Gartman Owns (DRI), (PNRA), (CMG); Cortes is Short (LVS) & (WYNN)

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