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China Plays for Growth: Tim Seymour

Thursday, 18 Oct 2012 | 5:58 PM ET

Investing in China has become increasingly attractive, EmergingMoney.com's Tim Seymour said Thursday on CNBC.

"The data last night tells you again GDP is not going to 9½ percent anytime soon, but it's ticking higher. The retail sales is what is encouraging, the consumer consumption that everybody wants to see," he said on "Fast Money."

"Look, folks, this is not going to happen overnight, but it is happening," he added. "And the green shoots in the new part of the economy, there is stuff going on."

Seymour also noted growth in real estate and in the service sectors.

(Read More: Insight on China's GDP Numbers)

"What is happening, though, is that the Street is coming around on this, so money is flowing into China," he said.

Ways to play China, Seymour said, were China ETF FXI, as well as miners and coal: Vale, BHP Billiton, Rio Tinto and Teck Resources.

Noted investor Dennis Gartman sounded positive on the Asia play.

"I think you have to look at the numbers and realize that at 7.4 percent, that is far better than a lot of people have talked about," he said. "It will be much stronger six months from now."

Trader disclosure: On Oct. 18, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Jon Najarian is long GS; Jon Najarian is long JPM; Jon Najarian is long FB; Jon Najarian is long ALGN; Jon Najarian is long EBAY; Jon Najarian is long SNDK; Joe Terranova is long VRTS; Joe Terranova is long WFM; Joe Terranova is long SBUX; Joe Terranova is long NFLX; Joe Terranova is long SWN; Joe Terranova is long TRV; Joe Terranova is long VZ; Joe Terranova is long XOM; Joe Terranova is long CVX; Joe Terranova is long COP; Joe Terranova is long SNDK; Joe Terranova is long NXPI; Joe Terranova is long EMC; Joe Terranova is short SU; Joe Terranova is short CSTR; Joe Terranova is short GS; Joe Terranova is short CHKP; Joe Terranova is short GLW; Dennis Gartman is long CS; Dennis Gartman is long AS; Dennis Gartman is long MAT-GAS; Dennis Gartman is long S&P; Dennis Gartman is long CMG; Dennis Gartman is short the euro; Dennis Gartman is short yen; Dennis Gartman is short 30 year bond; Dennis Gartman is short crude WTI; Dennis Gartman is short 10 year note.

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