Three plays on China's growth

The Chinese economy has roared back into life, with GDP growth up to 8.9% year-on-year in the third quarter of 2009. And professional investor Philip Ehrmann believes the country is on track for several more years of strong growth. Here, he picks three stocks that should benefit.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Philip Ehrmann, manager of the Jupiter China Fund.

The Chinese economy has roared back into life. GDP growth accelerated to 8.9% year-on-year in the third quarter of 2009, thanks to the quick action taken by the Chinese government and the central bank relatively early on in the global financial crisis. Swift cuts in interest rates, a government-induced surge in bank lending and fiscal measures worth US$586bn were all aimed at keeping the country on track for several more years of strong growth.

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Beijing EnterprisesHK$52.50HK$25.11HK$48.95
Hollysys Automation Tech$13.48$2.00$12.90
China Taiping InsuranceHK$30.20HK$8.30HK$30.15
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