"East Rising, West Falling" -- Not just a narrative, but also fundamentals
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In the next 12 months, the MSCI China Index's earnings are expected to grow by about 10%, while the S&P 500 Index's earnings will grow by 12.6%. Given that the dynamic price-to-earnings ratio of the Chinese stock market is only 11 times, far lower than the 20 times valuation of U.S. stocks, Chinese stocks have good value
In the next 12 months, the earnings of the MSCI China Index are expected to grow by about 10%, while the earnings of the S&P 500 Index will grow by 12.6%. Given that the dynamic price-to-earnings ratio of the Chinese stock market is only 11 times, far lower than the 20 times valuation of U.S. stocks, Chinese stocks have good value.
