“In Hong Kong, you have reasonably good corporate governance, you have very-well-managed companies, which are owned largely by families. So the families are ready to be conservative in their dealings. They have low leverage. So if you believe that China is bottoming out and going up, I would own some Hong Kong shares, as I do. Another recovery play—a market that has a similarly poor performance to China over the last few years—is Vietnam, which is very cheap, which has deleverage and improving fundamentals in terms of growing trade surplus, rising exports and so on. So I think Vietnam is better than China itself, if you believe in the Chinese recovery.”
Related posts:
NAA Mini Revolvers: Five rounds of ‘Get off me!’
Harvard Economist: 'No Doubt, Pensions Are Screwed'
Carnage in Syria Courtesy of US Allies
Caitlin Long: Vulnerability of Fed’s Balance Sheet
Brooklyn Bodega Owner: Why Merchants Should Start Accepting Bitcoin
Why is eBay eager to pay a tax that Apple works to avoid?
Income, Sales, Gas, Vehicle, and Alcohol Taxes Hit All-Time Highs
U.S. Gov. Gets $2.6 Billion In Credit Suisse 'Money Laundering' Case
After seven years, exactly one person gets off the gov’t no-fly list
Texas Generally Exempts Bitcoin From Money Transmission Laws
What Scares Jesse Benton
Mom Arrested for Letting Kid Play in Lego Store While She Shopped
US Is Killing More Civilians in Syria Air War Than Assad Is
Mystery Sponsor Of Weapons And Money To Syrian Mercenary "Rebels" Revealed
Fed to Explode QE Next Downturn - Can't Control Velocity