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The transcript discusses the potential investment opportunities in China amidst the coronavirus outbreak, comparing the situation to the SARS epidemic. It highlights the growth differential and valuations between emerging markets and the US, suggesting a sustainable rotation towards Chinese stocks. The impact of the health crisis on consumer stocks in China is also analyzed, noting improved global protocols since SARS.

Discuss the significance of valuations in the context of the US and Chinese markets.

What are the implications of the current economic conditions on consumer stocks in mainland China?