Why I'm Investing in China

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Pearson Education, Feb 1, 2010 - Business & Economics - 10 pages

It is more than ironic that the current so-called Great Recession has prompted various Western observers to turn a 30-year-old belief on its head. No longer do the pundits claim that China can only survive and prosper by adopting capitalism; now they look to China, with its growing economy and increasing demand for consumer goods, to keep capitalism itself from collapsing.

China saw its growth falter in 2009, but it continued to grow nonetheless. Its expansion has recently picked up speed--even as Western nations continue to struggle. Evidence of the wisdom of continuing to invest there can be seen in the strength of its economic vital signs, with freight tonnage, electricity usage, and automobile sales all showing increases.

 

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About the author (2010)

Dean LeBaron is one of the world’s most respected institutional money managers and author of Mao, Marx, and the Market. The founder of Batterymarch Financial Management in Boston and a distinguished alumnus of the Harvard Business School, he is one of the pioneers of index funds and quantitative investing. He was an early, and sometimes first, institutional investor in the emerging markets of Argentina, Brazil, Chile, China, India, Indonesia, and Russia and was invited by the Gorbachev government to help privatize the Soviet military industrial complex. In 2001, he joined such investment luminaries as Warren Buffett as the recipient of the prestigious lifetime achievement award from the Chartered Financial Analysts Institute.

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