Is China Still a Monster Growth Story Here?
The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor and analyst Austin Smith discusses topics around the investing world.
With China's "slowing" growth, many investors are looking at domestic companies with big international bets and wondering whether China is still the same growth engine it's been heralded as for the past few years. The answer is yes, but the growth isn't as universal as it may have been five or six years ago. Instead, China's economy is shifting toward more consumer-facing companies. This trend will continue to benefit the likes of McDonald's and Starbucks, but it may not be the best for companies such as Caterpillar.
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At the time this article was published Austin Smith owns shares of McDonald's. The Motley Fool owns shares of Apple and Starbucks.Motley Fool newsletter services recommendApple, McDonald's, and Starbucks. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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