Investing in China Still Option Number One

Filed in archive News on October 3, 2008

Money Morning's Jason Simpkins had a heartening article late last month - heartening, at least, if you're still investing in China...

The article is a detailed look at the condition of China's economy: exports, retail sales, industry, stock markets, etc. Among his sources, Simpkins quotes Jing Ulrich, JPMorgan Chase & Co.'s chairwoman of China equities:
"Our outlook for consumption growth remains broadly positive. As China's government attempts to move from export-dependent growth, we expect that additional resources will be pledged to support domestic consumption."
Simpkins draws the conclusion that China is still the best long term investment available in the world of emerging markets.

Photo courtesy of iStockphoto, Alex Slobodkin

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Response from: China Law Blog

I am not a fan of economic predictions, mostly because they are virtually always slanted towards what is happening right now and also because they are wrong at least as often as they are right. However, I do occasionally find them interesting, and ther...