SALEM, MA—January 16, 2014—Paul Goodwin, Chief Analyst of Cabot China & Emerging Markets Report, appeared on Moe Ansari’s Market Wrap radio program today, and discussed the prospects for emerging markets stocks in 2014. Goodwin pointed out that, while broad indexes of emerging market stocks have been in decline since October, Chinese stocks that trade on U.S. exchanges have been rallying higher since early November.
“The biggest change in China is the enthusiastic adoption of mobile technology by the country’s massive population,” said Goodwin. “Cellular networks are pushing Internet access (and e-commerce) to an increasing number of Chinese. This presents a huge opportunity for tech stocks like BitAuto (BITA), a website that aggregates automobile information for buyers and gives dealers a place to show off their cars and make contact with potential customers. It’s the kind of thing that’s taken for granted in the U.S., but it’s rapidly changing the way Chinese consumers do business.”
Goodwin continued to discuss Chinese online social communications platform YY Inc. (YY). To hear the complete broadcast, click here. The show will also be available as a podcast on the Market Wrap website at www.marketwrapwithmoe.com, after the live broadcast.
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