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

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