Why China’s Rally Won’t Have Legs
Published on
Absent the multi-decade housing and construction boom, China will be unable to generate the monster credit impulses that it did through 2000-20. Hence, the recent melt-up in Chinese stocks and China plays may last a few weeks more but is unlikely to be a rerun of the 2015 episode either in magnitude or in duration. We go through the tactical and longer-term investment implications. Plus, a new recommendation on a 6-month horizon is to go long USD/GBP.
BCA Research | CoreMacro
BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.
Stay Connected with BCA
Get our latest events and research insights delivered to your inbox.