7 www.taipanonline.com at S$90, you should be able to buy the September 88 TLT Put Option (TLTUJ)  for around US$300 per contract. This contract is reasonably priced, has
plenty of time value and triple-digit potential if TLT
follows its historical trading patterns.        Now, I’m going to reiterate the trade in case you
want to put a good-till-cancelled limit order in. Buy the September 88 Lehman iShares 20+ Year Treasury
Bond Fund (TLT:AMEX) put option, symbol TLTUJ, at
or below US$300 per contract. This price is a projec- tion based on the TLT trading at US$90 by the middle
of March. Factors such as timing and demand may
affect the option’s price. I will update this trade in the 247profits e-Dispatch. n MARCH 2004 With 1.2 billion people, China is one of the fastest growing coun-
tries in the world. China’s economy
is expected to grow 8.5% by the
end of 2004. Some even argue that
China is underestimating its
growth. On the flip side, there are
those who claim that the Chinese
government is falsifying its GDP.        Regardless of what you believe,
China is becoming a world eco- nomic powerhouse. It’s hard to ignore the increase
in private investment and robust household con-
sumption in cars and housing.        According to the State Development Planning
Commission, GDP will top US$35 trillion in 2020, or
US$3,000 per capita. And the National Bureau of
Statistics says China is likely to become the third
largest economy in the world by 2020 and the sec-
ond largest in 2050. World trade = faster delivery One problem that has plagued China’s economy is government policy. But China’s entry into the
World Trade Organization in 2001 has already boost-
ed its economic growth and advanced its legal and
governmental reforms. This will continue to be a
driving force in establishing China as a world eco-
nomic leader.        China’s WTO membership brought about funda-
mental changes in the government. In order to join the WTO, China had to clean up abuses of govern-
ment and reform confusing and obscure laws.        To meet the requirements of its WTO member-
ship, the government has initiated a campaign to
clarify and unify governmental regulations.        According to a WTO report released on October
10, 2002, China had become the fourth largest trade
body in the world, following the United States, the
European Union and Japan.        Since joining the WTO, China has improved its
trade environment. The average import tariff rate
was cut from 15.6% to 12% in early 2002. Instability
caused by bilateral negotiations has been replaced
by a more stable multilateral trade framework. And
many quota restrictions on Chinese products with
comparative advantages have been lifted by other
countries. China’s global expansion
may benefit Japan As China emerges as the world’s manufacturing center, Japan is experiencing continuing deflation.
But there may be a way for Japan to profit from
China’s emergence as an economic powerhouse.        There’s a growing demand in China for business
solutions that will help them stay competitive.
Adoption of IP (Internet Protocol) and broadband
networks is rapidly advancing, and servers and per-
sonal computers are becoming more sophisticated. This nanotech company is making money
off China’s global economic expansion! Next, please… TLT (2 years) 100 95 90 85 80
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0 Siu-Yee Ng