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00:00NEXT HOUR ARE STRUGGLING EMERGING MARKETS. DO I PLAY CHINA THROUGH U.S. MULTINATIONALS, OR SHOULD I HAVE EMERGING MARKET INVESTMENTS IN MY PORTFOLIO? >> IT IS A TOUGH QUESTION BECAUSE I THINK EVERYBODY WANTS TO BUY EMERGING MARKETS BECAUSE OF THE PERCEIVED VALUE. TOM: AND THE ROMANCE AND ALL THAT. BRIAN: YOU DO WANT I THINK MORE EXPOSURE WITH RESPECT TO THE MULTINATIONALS, AND THE CONGLOMERATES IN AMERICA HAVE BEEN HURT BECAUSE OF THEIR EXPOSURE WITH CHINA. I THINK THAT IS THE OPPORTUNITY. TOM: DR. PILLSBURY, DID YOU BUY SHARES WITH ALIBABA? MICHAEL: YES. TOM: IS ALIBABA A REPRESENTATION OF THE GOOD OF SHORT-TERM INVESTMENT IN CHINA? MICHAEL: YES. HOLLY BABA A PLAY ON THE CHINESE GOVERNMENT FAVORING JACK MA. IF THE CHINESE GOVERNMENT WANTS TO SHOW THIS IS A GOOD IDEA, IT WILL RETURN TO A HIGHER PRICE. BRENDAN: RECENTLY THEY HINTED AT ALLEGATIONS THAT THEY WOULD BE INVESTIGATED, BUT THAT DISAPPEARED. WHAT ARE THEY SAYING WHEN THEY DO THAT? MICHAEL: IT IS PROBABLY A BUREAUCRATIC MESSAGE THAT YOU HAVE COUNTERFEIT STUFF, YOU NEED TO BE MORE CAREFUL, WE ARE GOING TO FIND YOU IF YOU DID -- TO FINE IT YOU IF YOU DO NOT. IT LOOKS LIKE JACK MA IS GOING TO BE OK. BRENDAN: THERE ARE TWO KINDS OF PEOPLE WHO COME ON THE SHOW TO TALK ABOUT CHINA. ONE BELIEVES THAT CHINA CAN MANAGE THE BUBBLE, AND THE OTHER DOES NOT. WHICH ARE YOU? MICHAEL: I BELIEVE IN THE

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Alibaba Is a Play on Chinese Government: Pillsbury

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