A look through China's economy today reveals a few dilemmas, especially for investors trying to gauge future growth.
The nature of China's economic recovery over the last few months from Covid have unique characteristics that aren't easily captured in broad strokes, Goldman Sachs' Andrew Tilton and a team pointed out back in late May.
That means the stock winners of China's recovery are likely hidden under broader market performance.
One month since Goldman's assessment, China's economic trajectory remains the same.
"If weak confidence becomes so entrenched, it could be self-fulling and derail the economic recovery."
Persons:
outflows, Michael Pettis, Chang Li, There's, — it's, Goldman Sachs, Andrew Tilton, Covid, — CNBC's Michael Bloom
Organizations:
Peking University, CNBC, Citi, AIA, Hong
Locations:
U.S, China, Hong Kong, Shenzhen