The news coming out of China in the last month feels more optimistic; Alibaba’s most recent earnings report blew past consensus estimates demonstrating a stronger than expected consumer, China (in contrast to the developed markets in the West) continues to stimulate the economy through monetary and fiscal levers, savings rates reached 45% of GDP, and the worst of the lockdown impact has likely already occurred.
FountainCap Research & Investment continue to be confident about opportunities in China stocks considering close to record low valuations and the likelihood of positive economic surprises in the face of excessively depressed consensus expectations.
Steven Luk and Frank Ding of FountainCap Research & Investment discuss these themes in conversation with Hugo Rogers of Aravis Capital. Watch the replay now.
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