Eight companies positioned to surge alongside China

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We are looking for Canadian companies with exposure to China’s market

China’s stock market, represented by the MSCI China Index, surged more than 35 per cent last month, driven by aggressive stimulus measures aimed at jump-starting the slowing economy. While this could indicate the onset of a broader recovery for the world’s second-largest economy, questions remain regarding the sustainability of this rally.

Using FactSet’s screening tool, I identified Canadian stocks with Chinese exposure by applying the following criteria:Source: FactSet the world’s largest methanol producer, ranked No. 1 on our screen with 27.4 per cent of its sales coming from China. Methanol is gaining traction as a cleaner alternative to fossil fuels, and, according to an MIT Technology Review study, China is betting big on methanol-powered vehicles to reduce carbon emissions. A rebound in consumer spending and travel could fuel increased automobile demand, driving up methanol consumption and thus benefiting Methanex.

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