China Data Don't Lie - E7
There's plenty of chatter from the cheap seats that NOW is the value opportunity for Chinese stocks. Peng Guo and I have spent the better part of 3 years systematically explaining the difference between those headline grabbing stocks listed in the US and HK and the boring, income generating, state owned stocks on the mainland. But this week, we're talking data, specifically consumer data and the data remains weak. Even Maotai can't escape.
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Special thanks to Nate and Anzi for the track