These ASX ETFs will give you exposure to China's growing middle class

Forget Treasury Wine Estates Ltd (ASX:TWE) and buy these ASX ETFs to gain exposure to China's growing middle class…

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If you're wanting to gain exposure to the growing middle class in China and throughout Asia, you could invest in the likes of A2 Milk Company Ltd (ASX: A2M) and Treasury Wine Estates Ltd (ASX: TWE).

Both companies have been growing their sales in this market at a rapid rate over the last few years. Though, the latter may be off the cards right now due to concerns about a Chinese anti-dumping investigation into wines from Australia.

But that isn't the only way to gain exposure to this growing population. Another way you can gain exposure to this thematic is through ETFs that are investing directly into these countries.

Two to consider are listed below. Here's why I think they could be great options for investors:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first Asia-focused ETF to look at is the BetaShares Asia Technology Tigers ETF. It tracks the performance of the 50 largest and most influential technology and ecommerce companies in Asia market (excluding Japan). These companies include the likes of ecommerce star Alibaba, electronics giant Samsung, and WeChat owner Tencent Holdings. I believe these quality companies are well-positioned for growth over the long term thanks to the positive tailwinds being experienced in the rapidly growing Asian economy. Overall, I expect this to lead to the BetaShares Asia Technology Tigers ETF outperforming most major markets such as the ASX 200.

VanEck Vectors China New Economy ETF (ASX: CNEW)

Another exchange traded fund to consider buying is the VanEck Vectors China New Economy ETF. It gives Australian investors exposure to the growing Chinese economy through a total of 120 promising companies. This includes the most fundamentally sound companies in China which have the best growth prospects in sectors making up 'the New Economy'. These are sectors such as technology, healthcare, consumer staples, and consumer discretionary. If the Chinese economy continues its strong growth over the next decade, these companies should grow with it.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF and Treasury Wine Estates Limited. The Motley Fool Australia owns shares of A2 Milk. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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