Beyond manufacturing, the Chinese economy is doing well, said Andy Rothman, Matthews Asia investment strategist, on Friday.
"If we focus too much on the heavy industry and construction and manufacturing, that stuff is definitely slowing down," he told CNBC's "Power Lunch."There's definitely a rust belt in China, but then we lose sight of the fact that this is now an economy driven by consumers and services and that stuff is still doing really well."
Rothman said that it is important to consider the fact the Chinese economy is still "rebalancing and restructuring" and therefore not necessarily slowing down.
In his view, Americans seem to be more concerned about the slowdown than the Chinese in China.
"I spent a month traveling around China and, you know, it was pretty hard to find any Chinese person who was concerned that the Chinese economy is doomed, whereas you come back here and that's pretty much what everybody's focused on," he added.