China is undertaking a massive infrastructure spending stimulus of its own. A couple of well-placed fund managers thinks the situation offers a great opportunity to invest in cement makers. In recent years China has made and used nearly half the world’s cement. With the half-trillion dollar measure set to take effect, government spending should ensure ongoing demand as the frenetic pace of road building in China continues apace. Beyond that, the country is shutting down a lot of older, dirtier cement factories because of environmental concerns.
Here are videos of the fund managers making the case on CNBC Asia:
Gigi Chan
Victor Chu
(We’d embed them, but they start playing automatically, and that doesn’t seem friendly to our readers.) Photo: Reuters
