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Andrew Wang Quoted China Slowdown No Problem To A-Shares Holders

For Investors, A Better Way To Look At China

Kenneth Rapoza

China is slowing down. Who cares.

Investors in the iShares FTSE China (FXI) exchange traded fund remain far behind the equity growth story that´s been taking place on the mainland, despite relatively lackluster economic data. The iShares product remains heavily tied to Hong Kong dollar denominated shares, or H-shares, of banks listed in Hong Kong. That ETF is up 8.63% while the Deutsche Bank X-Trackers CSI 300 A-Shares (ASHR) ETF is up 50.85%. American investors have not discovered this ETF yet. Volume on ASHR averages just over 100,000 a day, while FXI daily volume is over two million.

After three years of slowing growth, China is at a crossroads, says Andrew Wang, a fund manager at Runnymede Capital Management, a Morristown, N.J. based registered investment advisor.

“The good news is that China appears committed to a road map for furthering economic reforms in order to maintain its resilient economy,” says Wang. The plan seeks a new growth model more dependent on domestic consumption and the service sector, marking a transition to a “new normal” of slower but more sustainable economic growth of around 6%. “Critics have been calling for a hard landing for many years, but in 2015, all eyes will be on whether China can achieve 7% growth and a soft landing,” he says.

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About the Author: Andrew Wang

Andrew Wang


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