NEW YORK ( TheStreet) -- With growth in China slowing, the country's stocks have been pummeled. For the year so far, China region mutual funds have dropped 22.0%, lagging the S&P 500 by more than 20 percentage points and ranking as the worst performing category tracked by Morningstar.Now some portfolio managers argue that the stocks have gotten cheap. Steve Cao, portfolio manager of Invesco Asia Pacific Growth (ASIAX), says that he was underweight China in 2010. But lately he has been scooping up bargains. "Since the correction, things have become attractive," he says.
Cheap China Stocks That Defy Downturns
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