China Markets Could Do Well in 2021: Bernstein’s Agarwal

The video discusses the recent underperformance of Chinese equities compared to other emerging markets, driven by sentiment despite China's economic growth in 2020. It highlights the reasonable pricing of Chinese stocks and the potential for future growth. The speaker suggests focusing on value and cyclical stocks due to market dispersion and high valuations in high-growth sectors.

What is the primary reason for the recent underperformance of Chinese equities?

• Economic recession

• Sentiment-driven factors

• Government regulations

• High inflation rates

How are Chinese equities priced compared to other emerging markets?

• Extremely overbought

• Reasonably priced

• Statistically expensive

• Undervalued

What is the current state of market dispersion within Chinese equities?

• Minimal dispersion

• Record dispersion

• Average dispersion

• No dispersion

Which type of stocks are recommended for investment in the Chinese market?

• Technology stocks

• Value and cyclical stocks

• Growth stocks

• High momentum stocks

What is the expected impact of vaccine development on certain stocks?

• Negative impact on growth stocks

• No impact on any stocks

• Positive impact on value and cyclical stocks

• Negative impact on all stocks