China -- Tune Out the Noise and Buy This Stock

You're hearing a lot of dire talk about China during this U.S. presidential election year, especially from Republican presidential nominee Donald Trump. It's nativist nonsense, and if you believe it, your portfolio will suffer.

As an investor, don't get spooked by the demagogic rhetoric. The threat of a U.S.-China trade war is way overblown. Nor is China's economy on the ropes. You should put money into the world's second-largest economy, which still offers explosive (and reliable) growth if you make the right choices.

Which brings us to internet juggernaut Alibaba  (BABA) .

Combine Amazon, Twitter, eBay and Alphabet's YouTube into one entity, add a population of 1.4 billion, and you get China-based Alibaba, a diversified internet play with staggering potential. Here's why it's one of the most exciting growth stocks you can find, especially as U.S. equities continue to languish.

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Headquartered in Hangzhou, China, the online and mobile commerce giant released robust second-quarter operating results on Wednesday, underscoring not only the company's appeal as a long-term investment but also the resilience of China's much-maligned economy.

Alibaba.com, the primary company of Alibaba, is the world's largest online business-to-business trading platform for small businesses. Alibaba also owns the Chinese video site Youku Tudou, often called the "YouTube of China," as well as a roughly 20% stake in Sina's Sina Weibo, the country's popular micro-blogging social media site. In addition, Alibaba operates a consumer-to-consumer portal Taobao that's similar to eBay.com.

That's quite an impressive conglomeration, all fueled by China's growing and increasingly affluent middle class. At the same time, China's government is making a multibillion-dollar push to improve internet infrastructure, a move that will steer more consumers into Alibaba's grasp.

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