For centuries, China’s feeling toward outside investors has mirrored its military strategy -- put up a Great Wall and keep foreigners out. Fortunately, times change. A report out today, hinted that the government might reduce some restrictions .The news sent China indexes back to all-time highs, completely erasing losses from the violent sell- off earlier this year. As the barrier around Chinese markets begins to crumble, what's your move?
Eric Bolling says he likes Minerals Technologies Inc. (MTX) because the company takes "stuff" out of the ground for building materials such as paint, glass, and china.
Tim Strazzini says the trade is Mitsubishi UFJ Financial Group (MTU) because land prices in Japan are up for the first time in over a decade. MTU will profit because they will lend to people who will, in turn, buy the land.
In China Tim likes PetroChina Company Limited (PTR), but Eric Bolling bristles at Tim's trade because PTR is made up of integrated oil companies, something Eric doesn’t like.
Guy Adami says own China until the Olympics.