According to Jim O’Neil , now is the time to invest in China. If you have assets with China it’s a good time to hold and if you have cash readily available China is an opportunity to invest in.
Here are some reasons why to invest in China (O’Neil, 2012):
- Trade balance is at a high of 27.7 billion
- stronger than expected exports of 9.9%
- 9 months to the month of September trade surplus at about 150 billion, 2.5% of GDP
- Retail sales increased more than expected 14.2%
O’Neil is predicting that GDP will be about 7.7-7.8% and 7.1% for the full decade. Whether O’Neil is right or wrong today China’s economy is becoming more influential and long-term China should be a main holding in everyone’s portfolio.
Written by: Jeff K.
O’Neil, J. (2012, October 26). Is it time to get back into China Investments?. Nasdaq. Retrieved October 29, 2012, from http://community.nasdaq.com/News/2012-10/is-it-time-to-get-back-into-china-investments.aspx?storyid=185017