Question #1: Ben, an American student in Beijing, wants to know what are the 'standards and practices' that US investors assume Chinese companies will hold. He also asks if there are any specific companies that already stand out as leaders in this field?
Guy Adami says after Enron and Worldcom, US companies are now better run than most companies in any other part of the world. Guy adds that American based Electronic Arts (ERTS) went into business with China’s The9 Limited (NCTY), so he assumes they did their due diligence.
Question #2: James, an American student in Beijing asks which of the big Chinese Car companies will be most attractive to US consumers considering Geely Motors and Chery Automobiles intend to sell cars in America?
Guy Adami says Americans likes their SUV’s and German sports car. He’s not sure the Chinese car makers will translate in the US market. Since Guy is skeptical he recommends buying Johnson Controls (JCI) in the auto parts sector.
James replies that he’s noticed in China, drivers prefer foreign cars such as BMW’s.
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Trader disclosure: On May 22, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (SWY); Najarian Owns (MDT), (STI); Bollings Owns Coffee, Sugar, Gold, Silver; Bolling Owns March Natural Gas Futures and Is Short April natural Gas Futures