The Chinese economy is becoming a bigger and bigger player in the global market. As of today, four out of the ten biggest companies in the world are Chinese!
China now has the largest car market in the world, which makes the largest Chinese car-maker, Bitauto (NASDAQ: BITA) a very compelling buy. This would also make investing in Chinese oil companies a pretty good idea. Check out the China energy ETF (ticker:CHIE) as a possible investment idea.
China’s internet brand Baidu (NASDAQ:BIDU) is also growing rapidly. In fact, it has grown 150% in the last year and an astounding 1,257% over the last five years. Yes, you read correctly. 1,257%! China has three times as many internet users as it had in 2005 and the numbers keep on growing.
Any investor should invest part of their portfolio in foreign stocks and markets, and China is definitely where I want MY money to be.
Sorry, comments are closed for this post.