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Rising in the East

Long-term investors are setting sights on China.

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This story appears in the May 2005 issue of Entrepreneur. Subscribe »

China: It's been the emerging-market fund story since the early 1990s, and prospects for investment opportunities this year are more promising than ever.

Eric Sandlund, portfolio manager of the Columbia Newport Greater China Fund (NGCAX), says that the Chinese economy grew by a whopping 9.5 percent in 2004. "When you look at the macro level, it's been 15 years where you've had compounded growth between 8 and 10 percent per year," he says, adding that China's economy is a much bigger factor in the global economy today than it was in the past century.

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