China is not heading toward Japan-style stagnation because the government is behind the latest property slump, Yao Yang, dean of an economics department at a top Chinese university, told reporters in late September. Not only does that imply recent sluggishness is temporary, but China's high savings rate, artificial intelligence applications and renewable energy prowess signal the country's longer-term potential, he said.
Here are three of the stocks on the list, which didn't include price targets: BYD — Bernstein lists the mainland China-traded shares of the Chinese electric vehicle giant, which is on its way to becoming a global exporter of cars. Shares are down by about 7.5% for the year so far. Estun Automation — Shezhen-listed Estun sells robots and components for factory automation. The stock is up nearly 2% for the year so far but trading at about half its record high reached in 2021.
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