Tend to Disregard PEs of China Stocks, Janus Henderson's Duhra Says

The video discusses the Chinese stock market, highlighting the need for selectivity in investments due to low PE ratios influenced by banks and industrials. It emphasizes domestic growth stories, such as sports brands and cement, which benefit from strong operational metrics and potential fiscal stimulus. Concerns about China's export data and growth trajectory are raised, with trade tariffs seen as a factor. The US-China trade tensions are explored, focusing on issues like economic aggression, intellectual property, and the Made in China 2025 plan, with the US expected to continue pushing against perceived imbalances.

What is a key reason for the low PE ratios in the Chinese market?

• Strong export performance

• Large component of banks and financials

• High growth in technology sectors

• High consumer spending

Which sectors in China are considered genuine growth stories?

• Banking and finance

• Real estate and construction

• Sports brands and cement

• Technology and industrials

What recent trend has been observed in China's export data?

• Decline in new export orders

• Surge in technology exports

• Stability in export performance

• Increase in new export orders

What is the broader context behind the US imposing trade tariffs on China?

• To address economic aggression and technology transfer issues

• To improve diplomatic relations

• To reduce the US trade deficit

• To increase US exports to China

What is the focus of China's 'Made in 2025' plan?

• Expanding agricultural exports

• Increasing tourism

• Reducing reliance on foreign technology

• Developing traditional industries