China's New Policy Drives Middle-Class Spending

YUM China and ANTA Sports Products are to benefit from an expanding middle-income cohort in China that composes of some 600 million nationals.

Kate Lin, CAIA 13 October, 2021 | 16:27
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Kate Lin: Welcome to Morningstar. The Chinese equity market has trended lower on rising concerns that the push for “Common Prosperity” will reduce corporate profitability. The policy goal is to form an oval-shaped income distribution, which means bringing up the proportion of the middle-class. Is the market overreacting? And long term, what does the rise of the middle class mean for Chinese equity markets? Morningstar equity analyst, Ivan Su is, here to share his thoughts.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
ANTA Sports Products Ltd134.20 HKD2.91Rating
Yum China Holdings Inc60.47 USD-0.28Rating

About Author

Kate Lin, CAIA

Kate Lin, CAIA  is a Data Journalist for Morningstar Asia, and is based in Hong Kong

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