JPMorgan picks stocks to play a part of China that's flown under the radar

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JPMorgan picks stocks to play a part of China that's flown under the radar

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While big Chinese cities battle Covid, consumers in smaller cities are more in a mood to spend, JPMorgan analysts said, citing a consumer expert.

The company noted Chinese consumers are increasingly buying larger washing machines to replace smaller ones, and buying dishwashers with more functions such as sterilization and drying.

Chinese cities are typically grouped into tiers, with the first, largest tier including metropolises like Beijing and Shanghai.

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Category: MarketsFinanceInvesting

Topics: PRO Home Asia Markets Market Insider Markets China Resources Beer Holdings Co Ltd CNBC Pro Finance China Politics Stock markets Pro: Investing trends China Economy Source:tagname:CNBC Asia Source BYD Co Ltd China Markets Cnbc Stocks Articles Premium

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Article Type: News Report

Published On: 2022-06-24, 01:00:52

News Timezone: GMT -5:00

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Language: English

Reading Time: 5 minutes read

Article Length: 721 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 6861

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