We need to talk about China… #-ad_banner-#And no, I’m not referring to the ongoing trade spat with the country. While that is important and it will be touched on, that is something you can read about anywhere. I want to talk about the country’s importance in the broader global economy, its impact on our portfolio over at Top Stock Advisor, and specifically our direct exposure through two holdings: Alibaba (NYSE: BABA) and Tencent (OTC: TCEHY). Before we dive into our holdings, let’s take a step back and look at the bigger landscape of the country… Massive Size = Massive Opportunity… Read More
We need to talk about China… #-ad_banner-#And no, I’m not referring to the ongoing trade spat with the country. While that is important and it will be touched on, that is something you can read about anywhere. I want to talk about the country’s importance in the broader global economy, its impact on our portfolio over at Top Stock Advisor, and specifically our direct exposure through two holdings: Alibaba (NYSE: BABA) and Tencent (OTC: TCEHY). Before we dive into our holdings, let’s take a step back and look at the bigger landscape of the country… Massive Size = Massive Opportunity In terms of land mass, China and the United States are close in size. However, China boasts nearly 1.4 billion people, which dwarfs the roughly 325 million folks in America. Its economy, as measured by Gross Domestic Product (GDP), sits at $13.6 trillion, which is second only to the United States’ $20.6 trillion. China and the United States trade more goods — nearly $700 billion last year — than any other two countries in the world. But let’s go back to the country’s population… 1.4 billion citizens. That is a lot of people. And a key reason why nearly… Read More