Investors are worried about China's slowing GDP growth, but there are still incredibly profitable niche industries you can profit from today, such as the luxury segment.
China now makes 25% of the world's luxury-good purchases, an incredible figure that's risen fivefold since 2007. As China's middle class swells and the nation shifts toward a less infrastructure-driven and more consumer-focused economy, investors can still profit. Coach (NYS: COH) remains one of the top picks to ride this wave. The company trades for attractive multiples today and has a long runway ahead of it. See more in the following video.
But, there are even better ways to profit from our increasingly global economy. You can learn more in our free report "3 American Companies Set to Dominate the World." Click here to get your free copy and reveal these winners before the report is gone.
The article 1 China Stat to Remember, and the 1 Investment to Profit From originally appeared on Fool.com.
Austin Smith owns shares of McDonald's. The Motley Fool owns shares of Coach, McDonald's, and Starbucks and is short Starbucks. Motley Fool newsletter services recommend Coach, McDonald's, Nike, Starbucks, and Yum! Brands. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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