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UBS Asset Management has outlined where it sees opportunities in China, despite the country's high growth period coming to an end.
China's structural economic issues are no secret. They have been well-documented and come to the forefront after a long stretch of exceptional growth driven by huge investments in property and infrastructure, as well as a competitive export sector.
However, we believe negativity on the macro backdrop has led to an underappreciation of China's secular opportunities. Crucially, the nation is still well-positioned to capture meaningfully larger value in the global supply chains by transitioning from "factories" to "globally recognized competitors," as has been the case in industries such as:
- Home appliances...
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