Jim Oberweis thinks that the Chinese leadership will not let growth in China slip below the 6% to 7% range. He thinks this provides investors in China with a little bit of insurance policy.
He thinks consumer discretionary companies, health care and e-commerce companies in China are prime for growth in the future.
Oberweis believes that stocks in China are cheap and investors picking the correct sectors will do very well.
Oberweis quotes the MSCI China indice as being valued at six to seven times earnings and less than one times price to book. Those clearly are some pretty intriguing multiples.
