The new U.S. administration's stance on trade, currency and domestic fiscal policy will create volatility but also provide opportunities for bottom-up stock pickers in China this year. Besides the high growth new economy sectors, traditional cyclical industrials and materials companies may enjoy a good year as infrastructure projects and structural reforms drive demand, says a research report by Baring Asset Management (Asia) Ltd.
U.S. President Donald Trump’s current stance suggests possible trade differences with China. But in reality, this remains something of an unknown and Baring Asset is taking a wait-and-see approach to his presidency, while remaining positive in its outlook for the Chinese equity market.
Uncertainty over the future trading relationship with the United States spread unease through the Chinese equity market and conse...
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