But before you rush out to buy Chinese stocks, a word of caution from Stephen Freedman, senior investment strategist at UBS Wealth Management.
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He believes China will see weaker growth this year than in 2014. It is "a controlled deceleration by the government. The economy may grow below the target of 7 percent," Freedman said.
The Shanghai Composite fell about one percent on Thursday, while the Hang Seng rose nearly 3-percent.