China Still Looks Like the Best Global Bet By David Sterman About this article: Chinese investors likely rue the day they decided to spark a domestic investing frenzy. In November 2006, the Dow Jones Shanghai Index (DJSI) was around 180, and it rose a stunning 250% over the next 14 months. But since peaking this past January, the index has given back all those gains. Although valuations moved far into bubble territory and are unlikely to revisit those highs any time soon, the market does appear to be focusing on all of the Chinese economic headwinds and is giving zero credit to the still-considerable strengths. The government's recent announcement of more than half a trillion dollars in stimulus, coupled with a host of other investor-friendly moves, has caught attention: the DJSI, after bottoming earlier this month at around 170, has moved up past the 200 mark -- an impressive move in the context of further weakness in most other major... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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