Is Evergrande a Buying Opportunity? Watch These China ETFs

If you're interested in global investing, you know that China Evergrande Group, China's second-largest property developer, is facing imminent default. Many are asking whether Evergrande's bankruptcy poses systemic risk to global markets, comparable to Lehman Brothers' demise before the Great Recession.

But savvy investors should also be asking: Is now the smart time to buy China?

Since June 1, Hong Kong's Hang Seng Index, akin to the Dow Jones Industrial Average, has fallen more than 12%. Through this period, major China Exchange-Traded Funds (ETFs) have also significantly declined:

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Source Fool.com