Goldman: Chinese Equity Market Looks Cheap

If you are looking for an emerging markets trade, Goldman Sachs has one idea for you: China. A recent report from the bank noted that the Chinese equity market remains one of the most attractive in Asia, mainly due to the country’s steady economic growth and position in the region. Over the past 13 months the MSCI China index has delivered and precedently positive returns with no 10% drawdown or more in 288 training days, the longest in history. [buffett] From a historical perspective, this really looks healthy Goldman’s report notes. 62% of the price returns have been driven by…