China Will Keep Chugging Along

China's not slowing. The coal, the oil, it's all about not slowing down. It's so not part of the "world slowdown" thesis, it is scary. But we all think that we can pull down anything in this world, we are that powerful.

That's not true. China's a more important market than Chinese export markets. And it is a vibrant, albeit chronically overvalued stock market, too.

People have turned on China. On "Ladies Night" on "Mad Money" on Tuesday, I said that China's probably at a level worth buying. To be fair, my China expert at TheStreet.com, Patrick Schultz, who does great videos on China, always gives me a heads up when things are smashed down.

He told me to lay off China as a long about a month ago. But at the levels we reached on Tuesday, there was no laying off.

So I did it. Someone asked me about Baidu (BIDU - commentary - Cramer's Take) and I gave it a thumbs up. I just point blank said it was time to buy some.

Sure enough, within a daym I got so much hate and angry mail about the call --"You serial destroyer of wealth, you moron, etc.," that I knew I was right. When you think about world slowdown and you think about stock markets that won't rebound, try to take China off the table.

The stock market will always be drawn to the fastest growing markets even if they are perceived to be slowing.

Don't forget that.

It's the way it is.

At the time of publication, Cramer had no positions in stocks mentioned.

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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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