Fund Managers Offer Top China Stock Picks
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How can investors play China's phenomenal 11% growth? Christopher Smart, who manages the Pioneer Emerging Markets Fund, and Guojia Zhang, portfolio manager for the Delaware Emerging Markets Fund, gave "Street Signs" viewers their favorite Chinese stocks.
Smart told CNBC's Erin Burnett that his top pick was China Shipping Development, the "principal internal shipper of coal and oil," which is expanding internationally. Beijing plans to invest $500 billion on the country's roadways over five years -- so Smart likes China Communications Construction, which contracts to fix and expand roads and ports.
Zhang praised China Unicom, the country's No. 2 mobile carrier, as undervalued; its "poor" distribution system is "turning around." He agreed with Smart about opportunities in Chinese infrastructure, recommending China Merchants Holding, which operates ports in areas like the fast-developing Yangtze River Delta.
