Foreign-funded institutions are setting their eyes on China's technology and consumer sectors, identifying the twin pillars as harboring substantial growth potential and emerging as a new magnet for global capital.
China is becoming a world leader in artificial intelligence (AI), according to a comprehensive 100-page AI industry blue paper from Morgan Stanley, which contains six months of in-depth research findings and sector analysis on Chinese technology enterprises.
"China is an AI powerhouse capable of forming a closed-loop full industrial chain ecosystem in both upstream and downstream sectors, including software, hardware, and applications. A total of 60 highly representative enterprises can boost future productivity," said Xing Ziqiang, chief China economist at Morgan Stanley.
In addition, the consumption patterns of Chinese people have changed, with domestic designs and brands rising rapidly, JPMorgan Chase reported.
From blind box toys to the "China Shopping" craze by inbound tourists, these have all become notable highlights in China's consumer landscape.
"A positive shift in the consumer sector is the strong performance of new consumption scenarios, including interest-driven consumption, premium retail, and culturally-oriented tourism," said Zhu Haibin, chief economist with JPMorgan Chase China.
Foreign-funded institutions bullish on China's technology, consumer sectors
Foreign-funded institutions bullish on China's technology, consumer sectors
