Filed under: International markets, China, Newsletters, Stocks to Buy
“By all estimates, China will continue to be the hottest economy on the planet, and we remain bullish on its future prospects,” says China expert Jim Trippon.
One favored sector in the model portfolio of his China Stock Digest is telecom. Here, the advisor takes a look at two China telecom firm — China Netcom Group Corp. (NYSE: CN) and Chunghwa Telecom Ltd. ADS (NYSE: CHT).
“What about the potential effect of a slowdown or even a recession in the U.S. economy? We agree with
the World Bank opinion that China is well positioned to deal with the impact of slackening demand for exports
from the United States.
“The U.S. may be China’s most important trading partner, but it is no longer the sole key to Chinese economic growth. The Chinese have been busily forging free-trade agreements throughout the Asia-Pacific region, and
growth in that part of the world is expected to remain robust.
“The Asian Development Bank expects economies in the region to grow at a rate of more than 6% in
2008. That kind of economic momentum in China’s back yard will help sustain the anticipated level of
activity on the mainland.
Continue reading China expert rings up telecom favorites
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