Newsletter guru Jim Oberweis says that investors have wildly overreacted to fears about China’s slowing growth.
“International funds have relentlessly poured out of China as fears of slowing growth surfaced and margin calls increased the need to pull capital out of the country,” Oberweis tells Investor’s Business Daily. “China’s economy is slowing, but not to the degree reflected in the absurd sell-off that Chinese equities have experienced.”
Oberweis added that “fundamentals win over time, and we think China will prove this point well. For those with five years to invest, I believe today’s low valuations will yield an attractive entry point.”