Year of The Dragon: Cautious But Excited on China?

A core thesis for an investment in China revolves around valuation. The price/earnings multiple for China is around 10x, which looks attractive compared to history. It requires patience, but investing in markets that are trading well below their intrinsic value is a solid basis on which to build a position, says Morningstar. Investors can assess a raft of dynamic and innovative firms, often in the technology sector.