2024-03-29 03:05:00 ET
Summary
- The investment case for China today is a long shot. It’s not something we are prepared to commit any serious money to today.
- A general rule of thumb is that the property and investment sector contributes about a third of China’s total GDP.
- The answer, made abundantly clear in a state of the nation report Prime Minister Li Qiang gave earlier this month and since repeated incessantly in the Chinese press, is high tech manufacturing, with a deep focus on clean energy.
A few weeks ago, we used this space to write about China and India, the two largest countries in the world by population that both figure prominently into the global economy....
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China's Long Game