China’s US$12tn industrial bet: Buy or hold? Morgan Stanley weighs in

Morgan Stanley has identified a potential US$12 trillion capital expenditure boom in China’s industrial sector through 2035, but is advising private wealth clients to maintain an equal-weight allocation to the country amid weak domestic demand and uneven economic growth. The opportunity lies in China’s shift towards artificial intelligence (AI), advanced manufacturing and other high-growth industries, according to Laura Wang, chief…

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