Foreign investment seems to be pouring into China, as well: in the first quarter, it increased 61.3%.
Retail sales are up, foreign investment is flowing, and the Chinese trade surplus seems to be unaffected by a U.S. economic slowdown. China is actually the second largest economy when measured by purchasing power.
Sagami suggests that buying China on the dips can be a profitable move for an investor to make. We would wait until this fund crosses above its trend line (200-day moving average) before diving in.
It’s been a rough few months for these funds. Will the tax rate cut help sustain today’s momentum?
