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Why China is Still the World’s Best Long-Term Profit Play
While a recent crop of economic data suggests that China is not fully insulated from the economic turmoil that has overtaken the United States and Europe, some of that data is suspect. The upshot: The world’s fastest-growing economy is still much better off than its Western counterparts and probably remains the best long-term option for globetrotting investors.
China’s benchmark Shanghai Composite Index has plummeted nearly 70% in the past year. A big reason for the decline was concern among investors that economic chaos in the United States and Europe would deplete China’s breadwinning export market. But, so far, those fears have…
24Sep2008 | Money Morning | Comments Off | Continued
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