The tragical deterioration of Covid-19 in Europe and the US in the past 2 weeks has reinforced confidence of Chinese people, not only on the V-shape recovery of their economy, but also on perceived strength of their political system and culture. We think such confidence could have positive feedback loop, and outperformance of China assets (including China ADRs traded in the US) will likely continue.
China leads
China leads
China leads
The tragical deterioration of Covid-19 in Europe and the US in the past 2 weeks has reinforced confidence of Chinese people, not only on the V-shape recovery of their economy, but also on perceived strength of their political system and culture. We think such confidence could have positive feedback loop, and outperformance of China assets (including China ADRs traded in the US) will likely continue.