China Consumption Bets Are Too Optimistic, Top Global Fund Says

Bets on a rebound in consumption in China are overdone, according to a top-performing portfolio manager. Beijing is still reliant on consumers to drive the economy.

March 9, 2023 . 9:37 PM

1 min read

Bets on a rebound in consumption in China are overdone, according to a top-performing portfolio manager.
The money manager is still in wait-and-see mode, seeking to gain more clarity on the confidence levels of Chinese consumers.
Only two of the 44 stocks held by the fund are listed in Hong Kong.
Traders are pondering their next move in Chinese equities after a torrid February abruptly halted the market’s stunning rally since November.
Beijing is still reliant on consumers to drive the economy.