A couple of days ago I got a call on my cell from Beijing, it was a hopeful analyst who had read a story about a hedge fund launch I wrote at some point. She was looking for a job and thought I might be able to help.

This got me thinking about Chinese hedge funds and emerging markets and all that good stuff. So I looked into it and China was the busiest emerging market in 2006, with deals worth $104.3 billion, an increase of 69% on 2005. Russia and south korea followed with $98.5 billion and $42.3 billion worth of deals respectively.

The World Bank predicts the Chinese economy will grow by 9.6% this year; and other mainstream economists put their forecasts at a minimum of 8.8%, that means the nation has a good chance to become the third biggest economic power by 2008.

So I may not have been able to help with finding her a hedge fund job, but I have a feeling that she, and China will do just fine.