China's Rebalancing Complete: New Engines Emerge for Global Investors
Horizon Insights
Tue 12 Dec 2023 - 14:00 GMT / 9:00 EST
Summary
Don Ma delved into China's 2024 economy and market outlook, stressing restructuring and rebalancing. He noted tech, oil, petrochemicals, and autos' contributions to Asia's market capitalization, contrasting with losses in power equipment and new energy due to overcapacity. Negative contributors included food, pharmaceuticals, and realistic-related sectors, affected by investment swings. Despite hurdles, sectors like tech and auto showed positive trends. Ma highlighted a shift from processing to original trade, stressing Chinese brands' growing trade surplus. He contrasted real estate challenges with a thriving manufacturing sector and anticipated increased manufacturing loans. The presentation focused on China's resilient manufacturing amid economic challenges, investor behavior shifts, sector performance expectations, and emphasized AI's role in tech's future.
Topics
New Growth Engines
- How will China's GDP sustain growth amidst a downturn in the Real Estate Sector?
- What are the new drivers?
- What is the impact of existing policy support?
Equity Outlook
- What signals would trigger an effective rally / reversal in the market?
- Which funds could be the catalyst for a market rebound?
- What variables are likely to affect the market's investment paradigm in the future?
China Risk Premium
- How do you factor Chinese policy into your macro and equity research?
- What are the similarities between China and Japan in the 90s?
- What cyclical forces are affecting China's Recovery?
