If you want to buy into the world’s second-largest economy without paying such a lofty price-earnings ratio, you have other options, though — particularly if you’re looking for dividends. You can choose from plenty of Chinese companies with a global footprint and a commanding presence in China itself that sell at far cheaper prices than Alibaba. (We include Taiwanese companies, as many Chinese mutual funds do, because of Taiwan’s close links to the mainland.) Many of these companies trade in the U.S. as American depositary receipts. Here are three that look appealing.
We asked some of the best investors in the business for their best stock picks. Our pros represent all manner of investing styles, including those who favor big companies and those who favor small fry, those who specialize in fast growers and those who seek bargains, and those who invest mainly in the U.S. and those who scour the globe for opportunities.