Many Chinese securities have not enjoyed 8's blessings of late. The country's main exchange-traded fund, FTSE China 25 (FXI), is down 14% for 2014. Blue chips such as China Mobile (CHL) (-17.94%),the world's largest cell phone company, and PetroChina (PTR) (-9.25%), a major oil firm, are also off for the year. While there has been little recent good fortune for owners of those Chinese securities, here are eight reasons to be bullish about the economic future of the People's Republic:
Biggest trading nation on Earth: China import and exports more than any other country. That delivers to it a great deal of clout in international trade.
World's largest economy in terms of purchasing power: The biggest client always has the most buying power. Often times, it can result in the best deals.
More net income from exports: Each month, China books billions in profits from buying and selling goods and services with other countries. That has resulted in foreign reserves of close to $4 trillion, the most in the world.
Highest savings rate: In addition to earning more, China saves more than any other country. That keeps interest rates low. It also provides lower cost capital for business lending, home buying, and other commercial activities critical for economic development