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Investment analysts are coalescing around a few potential winners in China's car market after a 10-day auto show in Beijing put the ferocious competition on full display. "This year, we notice[d] a meaningful amount of foreign visitors who are Chinese brands' overseas dealers or importers," JPMorgan analysts said. Open to the public After two days of restricting access only to business and media, the Beijing auto show opened to the general public. Jefferies' analysts estimate the policy could boost China's passenger vehicle sales by 1 million units this year, evenly split between electric and gas-powered models. The analysts highlighted their Chinese car stock picks as Leapmotor, Geely and BYD, all rated buy and listed in Hong Kong.
Persons: Nick Lai, BYD, Tesla, hasn't, Elon Musk, Nezha, Asensing, Zhang Haizhou, Morgan, Lei Jun, Xiaomi, Jefferies, Bank of America Merrill Lynch, Leapmotor, — CNBC's Michael Bloom Organizations: Asia Pacific, JPMorgan, Porsche, Apple Vision, Brands, Mazda, Auto, Morgan Stanley Asia Pacific, EV, Bank of America, Trade, Ministry of Commerce, Volkswagen, VW, Toyota Locations: Beijing, China, Asia, Europe, Nio, Zhejiang, Hong Kong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Cold War' between U.S. and China is threat despite leaders' phone call: Asia expert Stephen RoachStephen Roach, Former Morgan Stanley Asia chairman, joins 'Fast Money' to talk the recent phone call between President Biden and China's Xi and what it means for relations between the two countries.
Persons: Stephen Roach Stephen Roach, Morgan Stanley, Biden, China's Xi Locations: China, Asia
Much of the gains in the S & P 500 this year can be attributed to the "Magnificent Seven" stocks. The S & P 500 has rocketed nearly 19% in the year to date. His 2024 price target for the S & P 500 is 4,500. But, he said, "There's going to be … a very good stock picking opportunity, probably away from those seven [stocks] … where there should be more opportunities in the 493." "In today's volatile interest rate environment, we see this cohort offering a balance of relative performance stability along with attractive growth properties," Morgan Stanley said.
Persons: Mike Wilson, Morgan Stanley, CNBC's, Wilson, they've, , we're, we've, barbells, Eli Lilly, Morgan Organizations: Apple, Microsoft, Nvidia, Tesla, Morgan, Microsoft Tech, Keysight Financial, Visa, Mastercard Consumer, Marriott International Pharmaceuticals, Walmart, Costco . Utilities, DTE Energy, Exelon Corporation . Energy, ConocoPhillips, Marathon Oil, Valero Energy Locations: U.S, Morgan Stanley Asia, Singapore
Contrary to popular perception, falling inflation and interest rate cuts won't necessarily be good for stocks, according to Morgan Stanley's Chief U.S. Equity Strategist Mike Wilson. And falling inflation is bad for stocks because rising prices are what drives earnings, he explained. "Whenever inflation is falling like it is today, it's typically not good for the average stock because it's not good for earnings growth," Wilson explained. The bad news is that "it's pretty clear" that inflation is falling, he said. "So now that inflation is coming down, and they start cutting, just be careful what that means for stocks.
Persons: Morgan, Mike Wilson, Wilson, Morgan Stanley, we've, It's Organizations: Chief U.S, Equity, U.S . Federal Reserve, Morgan, Big Tech, Meta, Facebook, Apple, Netflix, Walmart, Costco . Utilities, DTE Energy, Exelon Corporation . Energy, ConocoPhillips, Marathon Oil, Valero Energy Locations: Chief, Morgan Stanley Asia, Singapore
'We are very committed to China,' Yum China CEO says
  + stars: | 2023-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are very committed to China,' Yum China CEO says"We are very committed to China," Yum China CEO Joey Wat tells CNBC amid the company's bullish outlook at the Morgan Stanley Asia-Pacific Summit.
Persons: Joey Wat, Morgan Stanley Organizations: Yum China, CNBC, Morgan, Pacific Locations: China, Morgan Stanley Asia
Watch CNBC's full interview with Stephen Roach and David Riedel
  + stars: | 2023-08-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stephen Roach and David RiedelStephen Roach, Former Chairman of Morgan Stanley Asia, and David Riedel, President of Riedel Research Group, join 'The Exchange' to discuss Biden's executive order to curb U.S. investment in China, how decoupling from China could hurt the U.S. and China's economy showing fundamental weakness.
Persons: Stephen Roach, David Riedel Stephen Roach, Morgan Stanley Asia, David Riedel Organizations: Riedel Research Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDecoupling capital flows to China could hurt the U.S., says Morgan Stanley's Stephen RoachStephen Roach, Former Chairman of Morgan Stanley Asia, and David Riedel, President of Riedel Research Group, join 'The Exchange' to discuss Biden's executive order to curb U.S. investment in China, how decoupling from China could hurt the U.S. and China's economy showing fundamental weakness.
Persons: Morgan Stanley's Stephen Roach Stephen Roach, Morgan Stanley Asia, David Riedel Organizations: Riedel Research Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley Asia Chairman on China's deflationary worriesStephen Roach, Former Morgan Stanley Asia Chairman and a Senior Fellow at Yale Law School, discusses China's recent economic data and the outlook for U.S.-China relations.
Persons: Former Morgan Stanley, China's deflationary, Stephen Roach, Morgan Stanley Organizations: Former, Former Morgan Stanley Asia, Morgan Stanley Asia, Yale Law School Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. and China failing to restart military relations, says Yale University's Stephen RoachStephen Roach, former chairman of Morgan Stanley Asia and currently a senior fellow at Yale University, joins 'The Exchange' to discuss the economic outlook for China, China's interest rate cuts and infrastructure spending, and the lack of a breakthrough in U.S.- China military relations.
Persons: Yale University's Stephen Roach Stephen Roach, Morgan Stanley Asia Organizations: U.S, Yale University Locations: China, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with fmr. Morgan Stanley Asia Chairman Stephen RoachStephen Roach, Former Morgan Stanley Asia chairman, joins 'Closing Bell Overtime', to discuss what is happening in the Chinese economy, U.S.-China relations, and unemployment in the country.
Persons: fmr, Morgan Stanley, Stephen Roach Stephen Roach Locations: U.S, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'China's gonna hold a tough line' when it comes to the U.S., says Yale's Stephen RoachStephen Roach, Former Morgan Stanley Asia chairman, joins 'Closing Bell Overtime', to discuss what is happening in the Chinese economy, U.S.-China relations, and youth unemployment in the country.
Persons: Yale's Stephen Roach Stephen Roach, Morgan Stanley Locations: U.S, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. is pushing China to its own red line, Fmr. Morgan Stanley Asia Chairman Stephen Roach warnsStephen Roach, Fmr. Morgan Stanley Asia Chairman, on U.S.-China relations with CNBC's Melissa Lee and the Fast Money traders.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no trust between the U.S. and China, says Former Morgan Stanley Asia Chairman Stephen RoachFormer Morgan Stanley Asia Chairman Stephen Roach gives his thoughts on renewed tensions between the U.S. and China.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Morgan Stanley Asia Chair Steven Roach warns China is unprepared for zero-Covid falloutStephen Roach, Fmr. Morgan Stanley Asia chairman and Yale University sr. fellow, on what he expects from China's move to loosen its zero-Covid policy. With CNBC's Melissa Lee and the Fast Money traders, Mike Khouw, Courtney Garcia, Victoria Fernandez and Steve Grasso.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomist Stephen Roach warns China's zero-Covid policy pushes economic growth toward 0Stephen Roach, fmr. Morgan Stanley Asia chair, on what the China protests mean for the markets. With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Guy Adami and Jeff Mills.
"Global businesses have a voice and need to make their voice heard, that you prefer an integrated world, and not a fragmented world," Singapore's Education Minister Chan Chun Sing (pictured here in 2019) said. Bloomberg | Bloomberg | Getty Images"It's important to remember that a more interdependent world is a safer world. He cited Russia's war in Ukraine and the World Trade Organization dispute settlement crisis as some of the cracks in the system. "Global businesses have a voice and need to make their voice heard, that you prefer an integrated world, and not a fragmented world," Chan said. "World trade as a percent of GDP had in the past been going up very fast, which contributed to the very low rate of inflation.
Even more aggressive rate hike by the Federal Reserve is needed
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEven more aggressive rate hike by the Federal Reserve is neededStephen Roach, Former Morgan Stanley Asia Chairman and a Senior Fellow at Yale University's Paul Tsai Center China Center, joins Worldwide Exchange to discuss the Federal Reserve's third consecutive 75 basis point rate hike and his predictions for a potential recession in 2023.
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