You are using an outdated browser. Please upgrade your browser to improve your experience. China's domestic consumers are willing to spend, giving the economy a sounder footing. Glassman , Contributing Columnist From Kiplinger's Personal Finance, February Over the next 14 years, however, GDP will more likely just double or triple. Don't Fret Over China's Slowdown. In fact, the U.

The bloom is off the Chinese rose. But that may be a good thing.

With so many investors unhappy with China, share prices have leveled off and, in many cases, become attractive. Certainly, some Chinese stocks are doing well. Boldfaced stocks are those I recommend; share prices and returns are as of December 5. Alibaba is growing like crazy. And Chinese consumers are perking up.

For decades, they have been saving excessively. Now they are spending. Because of strong government support for health and pension programs and growing confidence about the future, Chinese families no longer see a large savings buffer as a necessity.

Consumer spending is also getting a boost as China relaxes its one-child policy and eases restrictions on migration from rural areas to cities. Fast-growing Concord has a price-earnings ratio, based on projections of profits, of just Its stock has tripled since June and now trades at 21 times projected earnings. I have previously suggested a couple of Chinese companies that I continue to favor: Your broker can probably purchase shares for you, but another good way to buy them is through a mutual fund.

One of the best is Matthews China MCHFX , with a modest annual expense ratio of 1. The fund has a high annual expense ratio of 1. On the other side of the ledger is I would stay away from the China index funds because of their emphasis on industrial, financial and natural resources businesses.

I know that many investors remain skeptical of China. After all, it is a country that suppresses dissent, sends artists to prison, limits Internet access and uses state-run enterprises, especially banks, to direct where money is invested.

3 Chinese Stocks That Could Grow the Most in -- The Motley Fool

Still, small consumer companies have a great deal of freedom, and the ruling Communist Party has an enormous interest in promoting economic growth in order to keep unrest at bay.

As the Chinese get richer, they will want more of the good things in life: Glassman is a visiting fellow at the American Enterprise Institute. His latest book is Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence.

Shenzhen Connect Offers Chinese Stocks. Will the World Buy? - The New York Times

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