I was recently asked about China. People talk about the debt problem, the demographic problem, the manipulated data problem, the investor-rights problem, the human-rights problem, etc. After all these problems, why invest?
Because China is the biggest thing happening in the world economy. It’s impossible to ignore. It would be like ignoring the US economy from 1800-2000. As flawed as China is, we must engage, gather data, define frameworks, code algorithms. China will not be our largest position for as far as the eye can currently see. Too many problems. But we must engage.
One can currently engage through SGX (Singapore) and HKSE (Hong Kong) futures, while avoiding much of the specific problems of being a stock owner.