COVID rips through China. Boom next

Tuesday, 31 January 2023

Jefferies with the positive view.

High frequency data as well as increased mobility trends vindicates our nonconsensus view that activity has been brought forward into 1Q23 rather than 2Q23.

The China indices in US$ terms are ready to break out as the base effects from GDP near doubling should support some of the best EPS growth globally. Follow the growth in money supply. Kung Hei Fat Choy!

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.