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"Instead of being 'reactive' and waiting for inflation, the Chinese leaders are choosing to be 'proactive' to head off inflation before it takes hold," says China stock specialist Tony Sagami in UnCommon Wisdom.
"The People's Bank of China (PBOC), China's central bank, increased the reserve requirements by 0.5% effective on January 18 from 15.5% for large banks and 13.5% for small banks.
This post is part of a special report, Global advisors look to China.
"SPDR S&P China (NYSE: GXC) is our favorite ETF among more speculative contrarian ideas," fund expert Mark Salzinger.
In The Investor's ETF Report, he explains, "Worries over China's economic growth in the face of global recession savaged Chinese stocks in 2008; GXC fell 48.8% from admittedly stratospheric valuations. Now, though, GXC trades at a price/earnings ratio of only 10.7.
Continue reading SPDR S&P China (GXC): Best buy among contrarian ETFs
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