Cabot China & Emerging Markets Editor Paul Goodwin contributed to a page one feature in the September 15 issue of Bottom Line Personal. In the article, Goodwin was quoted as saying that he sees stock opportunities in global companies whose products appeal to Chinese shoppers.
According to Goodwin, “China is reshaping its economy to focus on its fast-growing middle class’s spending power. Retail sales rose by nearly 13% in the first half of 2013.”
In Goodwin’s view, the companies and stocks most likely to benefit are Michael Kors (KORS) and Yum! Brands (YUM).
“Michael Kors is a high-end apparel maker with a dozen stores in cities such as Beijing and Shanghai … and Yum! Brands has more than 900 Pizza Huts and 4,400 KFC outlets in China.”