- Following the end of zero-Covid, China is in the midst of a U-shaped rather than V-shaped recovery, which has been quite uneven across various sectors.
- Electric vehicle (EV) sales as percentage of new auto sales in China increased to 35% in 2022 and China is now a net exporter of cars. The Chinese EV sector now commands 60-70% of the global market and a lot of the EV supply chain is based in China.
- State-owned enterprises (SOEs) in China, such as telcos and utilities, have been trading at a significant discount to private companies and corporate governance reforms are making them a much more compelling investment.
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