Considering investing in China and other emerging nations is the plan of many investors at the moment as the countries show strong rates of growth compared with the stagnant economies of the west.
Offering his outlook on the current market in the country, Jeremy Cook, chief economist at World First, suggested that making any investment in China is a play on global growth.
He explained that even if people hold the view that Europe is over the worst and will be starting to pick up soon, it is still good to consider looking towards the BRIC nations for the time being as a place to invest.
Highlighting that there are some risks attached with making an investment in the country, Mr Cook noted that the Chinese property market is currently overinflated, with a lot of money moving from rural property to the city.
"There are a lot of risks, anything that is growing at eight per cent is going to have a lot of risk attached to it," Mr Cook explained.
However, the attempts of the Chinese government to make the currency more international and take it on to a global market could have a sizable impact in the coming years, although the currency expert noted that getting a nation to this level is not something which happens in a short space of time.
"The infrastructure and the changes that China is going through doesn't happen in months, it doesn't happen in years, it happens in decades. It will happen and China will become a bigger player," Mr Cook added.
The importance of the BRIC nations for the future of the world's economy was something that was recently highlighted by Legal & General Investment Management's emerging markets strategist Brian Coulton, who said the nations would have a very successful decade.
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