China’s growth is slowing — but UBS is ‘overweight’ on Chinese stocks anyway

Economic growth in China is slowing down amid an ongoing trade war with the U.S. — but Swiss wealth management giant UBS is not budging from its “overweight” position in Chinese stocks.

Chinese gross domestic product grew 6% year-over-year in the third quarter, the weakest pace in at least 27.5 years. UBS forecast that growth in the world’s second-largest economy will end this year at 6.1% before slowing even more in the coming years to 5.7% in 2020 and 5.6% in 2021.

Source: https://www.cnbc.com/2019/11/21/investing-ubs-is-overweight-stocks-in-china-despite-slowing-growth.html

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