China is a huge opportunity. I see myself as a mini-Buffett. OK, mini is too big.... nano-Buffett. I allocate capital globally. If China's doing well I will put more of my capital there.
The last 100 years have been great for America. People who bought S&P anytime in the last 100 years and held on, they did extremely well. But I think it's just a happy accident. It coincided with the rise of America as the world's only superpower. If they bought FTSE or Nikkei return wouldn't be nearly as good.
Will the next 100 years be the same? Will America continue to dominate? I am not so sure. Need to keep eyes open for opportunities.