Today via Bloomberg.com comes this story by Michael Patterson all about where in the world financial experts think the best emerging market opportunities will come in 2009, when, and why. The four core emerging markets globally are generally called “BRIC” as an acronym for Brazil, Russia, India and China. In this piece, China gets the nod due in large part because China plans a $584 Billion stimulus plan.
“We’ve got the mother of all stimulus plans,” said Plamen Monovski, an emerging-markets fund manager in London for BlackRock.
It helps, too, that according to this item, China has $1.9 trillion in reserves, the most of any country in the world.