China Markets Are Still an Attractive Value, Says UBS’s Zuercher

The video discusses the attractiveness of China's market, highlighting its valuation discount compared to the US and global equities. It covers expected earnings growth, supportive monetary policy, and sector analysis, focusing on consumer discretionary and tech sectors. The tech sector, despite lagging domestically, shows potential for growth.

What is the current P/E ratio of the US market compared to China?

• US: 16, China: 16

• US: 13, China: 13

• US: 15, China: 19

• US: 19, China: 15.5

Which sector has been upgraded in China due to its potential for improvement?

• Financials

• Energy

• Consumer Discretionary

• Healthcare

What has been the trend in the auto market in China over the last 1.5 years?

• Significant growth

• Stagnation

• Weakness

• Decline

How did Chinese ADRs in the US perform compared to domestic tech names in China?

• Both underperformed

• Both performed equally well

• Chinese ADRs outperformed

• Domestic tech names outperformed

What is a notable trend among domestic tech names in China despite their earnings growth?

• They have been leading the market

• They have been declining

• They have been lagging

• They have been stable