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Basic materials, heavy machinery, coal and steel are in favor with Chinese equity strategists.
Coal demand in China could peak between 2015 and 2020, spelling further pressure for international coal stocks, particularly those like Peabody Energy with mining operations in the region.
The outlook is cloudy, but coal just might be a good contrarian investment.
For coal ETF investors, world growth may matter more than domestic declines.
With stocks rising, you should consider investing in the PowerShares Global Coal Portfolio.