Jim Cramer says investors should focus less on how China affects American stocks

CNBC's Jim Cramer connected Monday advised investors to deliberation little astir however China affects American stocks.

"No substance however disappointing the maturation numbers we spot retired of the Chinese system — and they are plentifulness disappointing — radical support wanting to bargain American stocks that are seen arsenic having large Chinese exposure," Cramer said. "American investors simply won't springiness up. They conscionable person to person thing that stands wrong the thesis that China remains the promised onshore for anyone nimble capable to merchantability into their economy, adjacent arsenic their system is falling apart."

Cramer highlighted operation instrumentality shaper Caterpillar, which helium said is simply a "terrific story," but not a "China story." Caterpillar is much affected by factors specified arsenic the U.S. oil, infrastructure and information halfway markets, arsenic good arsenic planetary mineral markets, helium said.

Cramer besides said retail behemoth Nike should not beryllium considered a China stock, due to the fact that adjacent though the institution is surely fashionable there, it lone makes up 14% of the business, versus 42% for North America and 26% for Europe.

But Cramer acknowledged China does person an effect connected immoderate companies, specified arsenic Ralph Lauren, which is seeing important maturation successful its Chinese market. He besides mentioned Starbucks, which helium said has plans to unfastened thousands of caller locations successful China implicit the adjacent fewer years. He said helium supports buying banal successful these companies arsenic agelong arsenic their concern successful America continues to clasp up but warned that investors tin nary longer descend wealth into businesses based solely connected their activities successful China.

"Go ahead, sound yourself retired imagining however China vulnerability tin boost the maturation of American companies," Cramer said. "But I deliberation you'd beryllium amended disconnected uncovering a Chinese institution that tin accelerate its maturation by being successful America, due to the fact that we are successful overmuch amended signifier than they are close now."

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Disclaimer: The CNBC Investing Club Charitable Trust holds shares of Starbucks and Caterpillar.