Chinese President Xi Jinping is not only curbing debt and reining in the country’s shadow banking practices, he is also pressing for stronger pro-growth policies.
Case-in-point: China’s multibillion-dollar “One Belt, One Road” initiative (see this month’s lead article) will focus on the development of railways, ports, roads, dams, pipelines and industrial corridors across dozens of countries in Asia, Europe and Africa. The program is anticipated to spur a ton of economic growth for China and the region.
China and most of the Asian region are still among the brightest economic hotspots on the planet. And they’ll remain so for many years to come — if not decades — so I’ll look to add to our positions on China and other Asian markets very soon. But wait for our specific buy signals.
In the meantime, continue holding your …
Shares in China Mobile Ltd., symbol CHL. Hold and maintain your good-till-canceled protective sell-stop at $48.15.
If you have not purchased CHL, you may purchase it now at the market using 5% of the funds you have allocated to the Asia Investments section. Place a good-till-canceled protective sell-stop at $48.15.
Shares in U.S. Global Investors — China Region Fund, symbol USCOX. Hold and exit the fund if it closes below $7.20 on any trading day.
If you have not purchased this fund, you may purchase it now at the market using 5% of the funds you have allocated to the Asia Investments section. Exit the fund if it closes below $7.20 on any trading day.
Shares in China National Offshore Oil Corp. Ltd., symbol CEO. Hold and maintain your good-till-canceled protective sell-stop at $108.29.
If you have not purchased CEO, you may purchase it now at the market using 5% of the funds you have allocated to the Asia Investments section. Place a good-till-canceled protective sell-stop at $108.29.
Shares in iShares China Large-Cap ETF, symbol FXI. Hold, and maintain your good-till-canceled protective sell-stop to $33.75.
If you have not purchased FXI, you may purchase it now at the market using 5% of the funds you have allocated to the Asia Investments section. Place a good-till-canceled protective sell-stop at $33.75.
