As the Chinese middle class becomes increasingly familiar with investing, and the nation’s markets open up to international trading, its mutual fund industry is likely to experience incredible growth, Wall Street & Technology reports.

Assets in China’s mutual fund industry now stand at $275 billion, a mere 3% of the $9.6 trillion invested in mutual funds in the U.S. But as China opens up its markets to international trades and begins to allow new products on the market, such as separately managed accounts, those assets are expected to grow five times to $1.5 trillion by 2012.

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