China Market Isn’t Trading on Fundamentals Right Now, Says Ellerston Capital’s Manning

The video discusses China's two-tier economy, highlighting the resilience of the consumer sector despite underperforming industrials. It explores expectations for GDP growth and potential stimulus if growth falls below 6%. The discussion also covers market fundamentals, noting that the market is not trading on fundamentals and the potential for undervalued stocks. The resilience of the consumer sector is attributed to growth in lower-tier cities, despite economic pressures.

What are the key factors contributing to the resilience of the consumer side in China's economy?

How does the speaker perceive the current state of industrial profits in China?

What implications does the speaker suggest if China's GDP growth falls below 6%?

What are the potential risks mentioned regarding the pressure on consumers and corporates in China?

In what ways does the speaker believe the consumer market in China is diverse?