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To bet on China’s shoppers, ditch its companies

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While Alibaba and Tencent deal with uneven retail spending, shares in foreign companies like LVMH and Hermes have rallied thanks in part to strong Chinese sales. That's a smart way to trade the economic recovery, says mak_robyn

 

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Breakingviews - To bet on China’s shoppers, ditch its companiesInvesting in China need not be too stressful, provided you avoid investing in Chinese companies. As consumer bellwethers Alibaba and Tencent struggle with the country’s uneven retail recovery, foreign firms selling popular items like luxury goods and chip equipment to the People’s Republic are rallying. It could be a sign of things to come.
Source: Reuters - 🏆 2. / 97 Read more »