Marc Faber: "The Chinese economy will be the size of Europe and America combined"

If I were an American, I would hold some assets outside America and I would not only listen to the "China bashers," but also try to understand that the Chinese economy will be the size of Europe and America combined...  And whether you like the Chinese or not, and whether you're racist or not, I think that portfolios will have to own some assets in China, whether it's real estate or stocks or bonds.  In all the global indices, China is way underweight.  I have many friends - they invest in China - and they find world class companies.  Nobody can deny that Netease or Alibaba or Tencent are not world class companies.  There are also industrial companies.  There are also beverage companies that are world class. When Grant [Williams] asked the question, "How do you protect yourself?", I think you need an international diversification.  I think China is an option. 

~ Marc Faber, "The End Game Ep. 8 - Dr. Marc Faber," The Grant Williams Podcast, 1:03:50 mark, October 7, 2020