When looking for Asian stocks, I look for good businesses run by competent management teams, available at a price that leaves a margin of safety. This discipline leads the portfolio away from popular thematic investments, start-ups, highly geared companies, cyclical businesses earning peak margins and stocks on high multiples to earnings. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Given the highly unorganised nature of the recruitment market in China, ManpowerGroup's scale and geographical spread is advantageous. Our research on the ground indicates that the recruitment business in China is at its lowest ebb in the business cycle.