China Stocks Cheapest In the World

China was among the casualties of the recent relatively indiscriminate selloff in emerging markets, leaving its shares cheaper than laggards Turkey and Argentina and potentially opening a bargain buying opportunity.

“With an estimated 2014 P/E (price-to-earnings ratio) of 8.1, China is cheaper than Turkey, whose economy is in a tailspin. With China’s industrial profits growing at a robust 12.2 percent year-on-year, this makes no sense to us,” David Goldman, managing director at global financial services group Reorient, said in a note.

“That makes China the cheapest major market in the world on a forward-looking P/E basis (and the cheapest it’s ever been),” he said.

CNBC

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