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China to rise again – prefer indirect exposure through Richemont and LVMH
Infrastructure spending should be good for business and consumer confidence, leading to a rise in the China Non-manufacturing PMI and a re-rating of luxury goods stocks.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreInfrastructure spending should be good for business and consumer confidence, leading to a rise in the China Non-manufacturing PMI and a re-rating of luxury goods stocks.