FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018.
“As China’s economy shakes off the epidemic, cyclicals will witness a jump in earnings.
“Global capital, which chases profit, will increase allocation to emerging markets, especially China,” where the pandemic is under control, and the economy rebounding, Li said.
“The trend of foreign inflows will only strengthen.”Li’s view is shared by global fund managers, who see China’s stocks bull run lasting well into 2021.
Over the long term, investors should hold leading stocks in sectors that represent China’s future, such as consumption, technology and environmental protection, said Li.
Warburg Pincus, Aly, Li Huiyong, cyclicals, ” Li, Li, CSI300
Warburg, REUTERS, WP, Management, Reuters, Reuters Global Investment Outlook, China’s Nasdaq, “
SHANGHAI, China, Shanghai, China’s, Beijing, ”