The Investor's Guide to Asia The Investor's Guide to China: China Consumer (#22)
Jun 20, 2023
The podcast discusses China's economic rebound and the role of the Chinese consumer in powering the recovery. It explores the shift in consumer behavior post-COVID, the demand for gold jewelry in China, and opportunities in the China consumer market. The podcast also touches on the entrepreneurial spirit, opportunities in private markets, and similarities with Japan. It highlights the strong consumer theme in China and reflects on China's recovery and investment opportunities.
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China's K-Shaped Recovery
- China's economic rebound is weaker than anticipated, showing a K-shaped recovery.
- The service industry is outperforming other sectors.
Fidelity's China Research Trip
- Hyomi Jie's second trip to China post-reopening focused on broader consumer trends.
- Over 100 Fidelity team members participated, highlighting their strong on-the-ground research capabilities.
On-the-Ground Observations in China
- Dale Nicholls found the consumer recovery better than expected, with a positive outlook despite confidence issues.
- He also identified a promising frozen food company during his trip.