All China articles – Page 4
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White papersChinese equities: The investment story of the next decade
A more thoughtful and far-reaching set of stimulus measures by the Chinese authorities has nullified some of the negative perception among global investors when it comes to China. David Perrett, Co-Head of Asia Pacific Equities, suggests that the continued caution could be creating some compelling long-term opportunities for stockpickers. He explains why he thinks Chinese equities have the potential to become one of the investment stories of the next decade.
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White papersChina: Is this the “whatever it takes” moment?
China’s recent stimulus measures, including monetary easing and a massive fiscal pledge, have sparked a sharp rally in equities, particularly in real estate and consumer staples. While market sentiment has improved, the long-term impact will hinge on the actual scale and execution of fiscal policy. Investors are cautiously optimistic, but much depends on how effectively China targets its property sector and broader economy.
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White papersChina’s recovery, is it for real this time?
Beijing has finally moved to fight the rising risk of a debt-deflation spiral with aggressive stimulus measures. Markets are taking this pivot seriously: Chinese stocks have rallied sharply and could have further to run in the short term. What is needed to sustain the recovery in the economy and asset markets is a real sense of conviction – among consumers and investors.
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White papersChinese stocks rebound
“PBoC’s stimulus has enthused the markets and is a welcome step. For a lasting impact on the economy, we believe additional fiscal measures are essential to encourage consumer spending and improve labour markets.”
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White papersGrowth of the East
The East’s economic power has been building for decades. Buoyed initially by Japan’s industrialization, the region was boosted further by the modernization of Hong Kong, Singapore, South Korea and Taiwan, alongside the rapid rise of China
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White papersChina policy: short-term lift or long-term change?
What are the principal measures that have been announced, and what is yet to come?
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White papersChina’s policy measures: a pivotal week?
China’s policymakers have announced a significant package of easing measures designed to lift China from a state of entrenched economic weakness. Comprehensive monetary policy easing, targeted at supporting the beleaguered real estate market and boosting Chinese equities, has now been rounded out by an impactful pledge to support fiscal spending and stabilize the troubled property sector.
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White papersMacroeconomics, Geopolitics, and Strategy - July/August 2024
China’s policy landscape is being reshaped by two predominant forces external geopolitical pressures and a distinct internal governance philosophy. Heightened tensions, particularly with the US, have steered China towards a strategy focused on self reliance. Consequently, China is compelled to reinforce its industrial policies, aiming to secure its supply chain independence and bolster manufacturing capabilities.
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White papersCan China continue its EV dominance?
2023 was a record year for electric vehicles (EVs): global sales neared 14 million, reaching 18% of all cars sold. To put things into perspective, over 250,000 EVs were sold every week in 2023, which was more than the number sold in a year just a decade ago.
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White papersEmerging-Market Stocks: Great Businesses Hide in a Murky Market Landscape
Sour sentiment toward emerging-market stocks is obscuring uncommon opportunities for equity investors.
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White papersChina: The Comeback Kid?
Whisper it quietly but, after years of negative sentiment, equities in China appear to finally be holding their ground. Our Asia ex-Japan Equity team ask: what could sustain the recovery from here?
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White papersThe Changing Asian Landscape – Part 3: China Takes It Slow
The world may want higher growth, but Chinese policymakers are employing a balanced approach.
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White papersChina: The unloved trade
Whisper it quietly but, despite a sea of negative sentiment, equities in the world’s second largest economy have held their ground in recent months. Could the contrarians be onto something?
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White papersChina: bottom-up opportunity as the macro picture slowly improves
While the top-down story has challenges, the notion that China is ‘uninvestable’ is in our view misinformed. We believe company-specific opportunities can be found by looking at trade, value for money and capital return.
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White papersMirror image: Will this year prove to be the opposite of 2023 for China equities?
Reflections on the many reasons behind our more buoyant outlook on Chinese stocks this year
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White papersConfronting the ‘China bear’
Given China’s clouded economic outlook and the now deeply depressed ratios on Chinese equities, should investors remain negative on the Chinese market much longer? While it may be too early to become a ‘China bull’, recent domestic policy and geopolitical developments may start chasing away the ‘China bear’. So, what has changed?
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White papersEnter the dragon: Why China is competitively positioned
There are several reasons to remain constructive on China, in our view. We believe that pessimism about China’s fortunes and the wider economic outlook, resulting in the current idiosyncratic sell-off, presents opportunities for active investors to find great companies at very attractive valuations.
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White papersA Second Trump Presidency? Potential Economic Effects
President Trump could win the 2024 presidential election. When the incumbent presidential party presides over an improvement in the unemployment rate, it is likely to be returned to power. With unemployment at historic lows, unemployment is likely to get worse, creating headwinds for a Biden re-election.
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White papersESG in China: A hidden opportunity
Done in the right way, ESG investing in China could present responsible investors with an edge.
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White papersHealthy building, healthy bottom line
How investing in a healthy indoor environment can increase asset value
