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Today China is the fastest growing economy in the world. Major cities, particularly Hong Kong are directly benefiting from the economic boom. The nation has been dubbed the factory to the rest of the world. Stock market growth has been phenomenal and the economy there has been rising at rate of circa 9% to 10% per annum, even when things slow in the global recession, experts say growth rates will remain respectable.
There are a number of funds that invest solely in China and Hong Kong available to private investors, including Jupiter China, Gartmore China Opportunities, Invesco Perpetual Hong Kong and China, Baring China Growth, First State Greater China Growth and Neptune China.
There are also exchange traded funds such as the iShares FTSE/Xinhua China 25, which like a passive tracker mirrors a particular market or sector, but can be traded like a share. You could opt for a wider emerging market investment fund. First State Asia Pacific and Martin Currie Asia Pacific for example have significant investments in Hong Kong and China. In addition there are Bric funds which focus on Brazil, Russia, India as well as China, such as Allianz RCM Bric Stars.
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The number of China investment funds that invest overseas is set to double this year to more than 60, despite a lack of retail interest toward products under the Qualified Domestic Institutional Investor (QDII)scheme. Half of China's mutual fund houses have been granted QDII licenses and are likely to launch at least one QDII to take advantage of government support toward outbound investment.
QDII businesses may not be profitable initially, but fund managers view them as long-term and strategic investments. China first launched QDII in late 2007 in order to channel Chinese money overseas, but the program was suspended during the global financial crisis following huge losses. The scheme was revived in 2009 but retail investors, having been burned before, are much more cautious this time about putting money with the funds.
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In the last five years, many young Americans, as well as people across the West, have been facing many roadblocks in their search for gainful employment. A lot of fresh college graduates entering the job market are finding that school didn't even come close to adequately preparing them for the realities that is the American economy today. This has led a mass exodus of young graduates to seek jobs in the East. There's a massive market for western professionals to teach English and other subjects to young people in Asia looking to branch out into the larger business community.
Some of the best jobs are in China right now. The market has seen massive growth due to the government propping up the market with a 4 trillion Yuan (about 586 billion dollars) stimulus to the country. This boosted growth to an amazing 7.9 percent just from the previous year when the average was 6.1 percent. Millions of jobs are being created and, though there isn't a huge business sector in China, they're catching on quickly. This has prompted the government and many schools to start taking a western approach in order to guide their young business professionals into top competitors in the global arena.
This has made China a very lucrative option for young people facing pending school loans and other debt. Many fresh graduates aren't able to find a decent job simply because the jobs aren't there. Some are forced to seek temporary employment in service industries, retail, and other fields. Most of what's required of these graduates is to simply teach the Chinese how to speak English. The idea is that they'd learn best from a native English speaker, and thus a market was born. The average English speaking teach makes around 14,000 Yuan, which is somewhere between 2,000 to 2,300 USD a month.
Western workers in China are able to get an unforgettable experience while being paid well and feeling rewarded from their efforts. It combines the excitement of travel, leaning about other cultures, and the ability to put a good education to even better use. Many of these programs offer extensive and excellent training to all those who enroll. They may also require a contract that stipulates that you remain in the country for a period of time. It's not uprooting your life. Many people who come to China do so for a given period of time and keep their things in storage facilities like StorageMart of Toronto. It's a stable atmosphere that gives young graduates the chance to see the world while make a great future for themselves.
