Buying China Cheap: Long-Term Value Without Currency Risk
November 16, 2015 at 15:12 PM EST
The global economy is weakening and China’s export-based economy is hurting. The Chinese stock market has dropped like a stone from an airplane; the Chinese housing-sector bubble has popped; and the Chinese steel industry (the largest in the world) has seen massive declines in the price of steel. All of these factors are producing a large headwind for an economy that is expected to soon overtake the United States as the largest in the world.