Chinese equities have held up remarkably well in the past few weeks, despite a serious COVID outbreak that raises the risk of a lot of disruption to the economy. That might reflect how a lot of bad news already seems to be discounted in China’s stock markets, and we suspect low valuations could limit the scope for Chinese equities to underperform by much more from here.
China Drop-In (29th Nov.): Join our special briefing on the global macro and market consequences of China’s latest zero-COVID lockdowns. Register here.
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