Citi Contends China’s Economy Is Actually ‘Turning the Corner’
People stand in front of a Citigroup Inc. Citibank branch in the Central district during a protest in Hong Kong, China, on Wednesday, May 27, 2020. Officers fired pepper spray projectiles in downtown Hong Kong and arrested at least 16 people as protesters hit the streets Wednesday to oppose China's increasing control over the city, a return to unrest largely unseen since last year.
, Bloomberg
Michael P. Regan and Vildana Hajric, Bloomberg News
(Bloomberg) -- While China’s stock market has been seen as a pariah by some global investors this year, Citigroup is taking a contrarian view, positing a bullish outlook for the nation’s equities even while favoring defensive stocks in the US.
Shawn Snyder, head of investment strategy at Citi US Wealth Management, joined the “What Goes Up” podcast to discuss how the firm is sizing up investing opportunities amid an uncertain economic outlook.
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