Strategy Note /
ChinaChina: Still positive despite weak monthly economic data
Weak monthly data on manufacturing, retail sales, and investment. Plus a policy rate cut. All unexpected
But China remains in macro recovery, just a stuttering one. And our view on equities remains positive
PE at 10% discount to 5-year median reflects some of the well understood risks. EM peers have their own risks
Hasnain Malik
Strategy & Head of Equity Research @ Tellimer Research
15 August 2022
Published byTellimer Research
