CNBC's Jim Cramer on Monday advised investors to think less about how China affects American stocks.
"No matter how disappointing the growth numbers we see out of the Chinese economy — and they are plenty disappointing — people keep wanting to buy American stocks that are seen as having major Chinese exposure," Cramer said.
Cramer highlighted construction equipment manufacturer Caterpillar , which he said is a "terrific story," but not a "China story."
But Cramer acknowledged that China does have an impact on some companies, like Ralph Lauren , which is seeing significant growth in its Chinese market.
"Go ahead, knock yourself out imagining how China exposure can boost the growth of American companies," Cramer said.
Persons:
CNBC's Jim Cramer, Cramer, Ralph Lauren
Organizations:
Caterpillar, Nike, North
Locations:
China, U.S, North America, Europe, America