中国策略：节奏放缓的中国牛市-China Strategy_ A Slow(er) China Bull Market

CHINA STRATEGY A Slow(er) China Bull Market A slow bull market is in the making MSCI China has bounced 80% from the cycle lows in late 2022, but disrupted by 4 significant drawdowns. We now call for a more sustained uptrend for China equities, forecasting key indexes to rise ~30% by end-2027, led by 12% trend profit growth and 5-10% further re-rating potential. The case for a durable bull run Bull-market mentality and strategies Lingering macro risks will cause pullbacks, but the default mindset should chan ...