When it comes to investing in China, many investors have overlooked a crucial opportunity when they should be allocating at least 9% of their portfolios to that emerging country, Princeton University economics professor Burton G. Malkiel told attendees at IMCA’s annual conference on Monday.
That comes as China, which was once the world’s largest economy in 1820, is poised to continue to capture a new resurgence. In the next decade, China will likely be the fastest growing major economy in the world, Malkiel said. By the end of this decade, China will likely be larger than the United States. Chinese stocks, known for their volatility, are also very reasonably priced currently, according to Malkiel.
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