With China's growth slowing, the bears have been quick to flee this still expanding market, but it's a mistake. While China may not put up the crazy high GDP growth of yesteryear, the long-term potential for the country is still enormous.
The country boasts a powerful combination of rising incomes, longer life expectancy, and a concentration of wealth. An individual born in China in 2009 is expected to spend 38x more in his or her lifetime than an individual born in 1960. That's a powerful fact, and there are ways you can profit from the trend today.
Austin Smith owns shares of The Coca-Cola Company, Johnson & Johnson, and Philip Morris International. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services recommend Johnson & Johnson and The Coca-Cola Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
More from The Motley Fool
This New Tax Break Will Be a Lot More Popular Than Most Think
Look for a surprising number of unlikely winners to take advantage.
Why You're Probably Never Getting a Real Raise From Social Security
Why your cost of living adjustment may just disappear.
New Menu Items That Could Arrive at a McDonald's Near You
The world’s largest restaurant chain is mounting a comeback with menu innovation.