Invesco sees bright spots amid China slowdown
Asia CIO Paul Chan acknowledges China's structural slowdown, but points to gaming figures in Macau and other segments as proof that consumer sentiment is alive and kicking.
Despite the recent bloodbath on Chinese equity – both Shanghai’s benchmark CSI300 and Hong Kong’s Hang Seng Index are down around 8% year-to-date – consumer confidence in certain sectors has remained reasonably robust on the mainland, according to US fund house Invesco.
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