BofA Securities Ajay Kapur on Investing in China, 2022 Outlook

The video discusses the economic outlook for China, highlighting challenges such as regulatory tightening, credit cycles, and debt restructuring. It examines the property sector's impact on the economy and the misallocation of capital. The speaker provides earnings projections for China, noting discrepancies with market consensus. Global market trends and central bank policies are analyzed, with a focus on liquidity and potential impacts on markets. Investment strategies are discussed, with insights into regional markets like Korea, Japan, and ASEAN, considering factors like valuation, earnings cycles, and vaccination rates.

How does the speaker perceive the relationship between credit growth and economic performance in China?

What are the leading indicators for Chinese earnings projections according to the speaker?

What sectors does the speaker identify as being most affected by tight credit policies in China?