The gauge for manufacturing increased from 43 in September to 43.3 this month. Also, the services index increased from 42.3 to 44.2. Meanwhile, the MNI China Business Indicator which is compiled by Deutsche Börse subsidiary Market News International (MNI) also indicated an increase in economic activity October. This indicator is created from a survey of nearly 200 companies listed on China’s two stocks exchanges. Our Choices These sets of data indicate that the majority of private enterprises believe that the economy is firming up this month. Additionally, even if the lowering of the growth target does take place, China will remain one of the fastest growing economies in the world. This is why it may be a good time to add stocks from the country with strong fundamentals to your portfolio. Our selection in also backed by good Zacks Value Score and Zacks Rank. We narrowed down our choices with the help of our new style score system. Our research shows that stocks with Value Style Scores of ‘A’ or ‘B’ when combined Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) offer the best investment opportunities in the value investing space. Huaneng Power International, Inc. HNP is an independent producer, generator and seller of power throughout China. Huaneng Power holds a Zacks Rank #1 (Strong Buy) and has a Value Style Score of ‘A’. It has a P/E (F1) of 6.53 compared to the industry average of 17.26. The company has expected earnings growth of 41.2% for the current year. LightInTheBox Holding Co., Ltd. LITB provides online retail products to consumers. LightInTheBox Holding holds a Zacks Rank #1 (Strong Buy) and has a Value Style Score of ‘B.’ The company has a P/E (F1) of 15.45 compared to the industry average of 30.82. The company has expected earnings growth of more than 100% for the current year. JA Solar Holdings Co., Ltd. JASO manufactures high-performance solar cells. JA Solar holds a Zacks Rank #2 (Buy) and has a Value Style Score of ‘A.’ It has a P/E (F1) of 6.65 compared to industry average of 11.00. The company has expected earnings growth of 41.1% for the current year. China Mobile Limited CHL offers mobile telecom services across China as well as Hong Kong. China Mobile holds a Zacks Rank #2 (Buy) and has a Value Style Score of ‘B.’ The company has a forward price to earnings ratio of (P/E) of 12.75 compared to industry average of 15.60. The company has expected earnings growth of 9.6% for the current year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report CHINA MOBLE-ADR (CHL): Free Stock Analysis Report HUANENG POWER (HNP): Free Stock Analysis Report LIGHTINTHEBOX-A (LITB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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