Savers reluctant to back Chinese stocks because of the country’s human rights record can look to companies listed on US, UK and European stock markets to profit indirectly from China’s growth.
One option is to invest in businesses that sell to China, and the luxury goods industry is a key player here. Russ Mould at the investment platform AJ Bell said that the UK and European companies Burberry, Louis Vuitton (owned by LVMH) and Gucci (owned by Kering) have a strong presence in China, as do Nike, Adidas, Apple and Tesla from the US.
James Thomson at the fund manager Rathbones offloaded his sole China stock, the video games publisher and social media platform Tencent, in July. He has invested his clients’ money in Costco,