Rich Nuzum, global chief investment strategist at Mercer, discusses Chinese stock market.
Very optimistic about China’s stimulus push, strategist says
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Rich Nuzum, global chief investment strategist at Mercer, discusses Chinese stock market.
Where did 1.4 trillion people come from? I mean add a correction, who edits this chatGPT?
Strategist??? Na.
eCONomist yeah!!!
‘His very optimistic’ about China’s counterfeiting!!! lol!!!
“The labor supply is shrinking” is right, because of the demographics. But the fact of the matter is that having 20% youth unemployment makes you wonder how many workers they actually need. You would think that companies would be clamoring to get people on board, but it’s quite the opposite.
China robot market is 50% of the global share, most of jobs are replaced by robots.
According to data from the International Federation of Robotics, the number of newly installed industrial robots in China reached 276,300 units in 2023, accounting for 51% of the world’s new installations, ranking first in the world,
Japan ranked second with 46,100 new installations, and the United States ranked third with 37,600 new installations.
Currently, dock workers in the United States are on strike, demanding higher wages and refusing to use robots to replace dock workers. China has 8 unmanned loading and unloading terminals, and USA has none.
China is in a transition period. No matter how much the foreigners sell out China, Now China is coming in BUY cheap cheap from their missed opportunity. China NOW are buying LOCAL
A new one decade of growth has started in China!
Average Chinese Joe has a lot more savings than the average American Joe. Most US economists refused to acknowledge that.
@8spores That is true. I used to tell other expats that the Chinese making $1k USD a month has more in the bank than the foreigner who esrns $5k a month. Economists would say that is a problem, as they would want people to help the economy through domestic consumption. Somebody has to buy those products and exports are the only option if locals aren’t buying. Most econmists say 70% domestic 30% export is a good ratio for a developed economy, and China has been stuck around 50-50 for some years now. That makes currency and geopolitical issues riskier, as they affect half of all business.
Chinese stocks are picking up momentum much stronger than expected. The bull market has just started. It will end the year at least 50% higher when China market opens after golden week holidays.
Canton they find a reporter with better English??
remember china’s wish and Luckin Coffee stock?
china doesnt have a population of 1.4 trillion people…
What a loser…trusting china haha..sell sell and sell