For Investors, A Better Way To Look At China
May 28, 2015 @ 01:13 PM
The big picture on China is now the little picture. It’s not about muni banks, real estate and commodities. The best way to look at China today is by looking under the hood. And as China’s equity market slowly matures to a more Western sophistication, well run companies with good management teams will outperform. They will do fine regardless of whether a ghost city in Tianjin turns to rubble or a shadow bank in western China goes belly up.
There are billionaires and multi-millionaires in China who did not get that way just because they knew someone in the Communist Party. They are CEOs of companies like Tencent and JD.com . They run their businesses as if their livelihoods dependent on it, because it does. This is where China-bound investors will be putting their long-term money to work.