That Chinese equities have performed similarly to US equities since 2004 while China’s GDP relative to the US has ~tripled isn’t an argument that Chinese equities are cheap. It shows that state dominated economies tend to hose equity holders. Today’s stimmy, tomorrow’s politburo
if you had to quantify the politburo factor for the universe of chinese equities, whats in the top 5-10 names of exposure to the factor?
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Wouldn't you just gauge to who does the best mix of politik-speak/has some publicity? Maybe Weibo and Huawei likely toe the line well and fit. Issue is getting someone like Jack Ma in case there is a chance he misspeaks.
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Just buy Kweichou Moutai, it literally exists as a bribery currency
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The top five with profits ex housing
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