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Affluent young to drive future of Chinese consumer equities

The wallet share of affluent young adults born between 1985 and 1995 is a key driver of ROE in China’s consumer sector, says Credit Suisse, and “should contribute 35% to the country’s total consumption in the next five years.” The Swiss lender tipped ten stocks (see below) to outperform from the E-commerce, sportswear, travel, seasonings and auto-rental sub-sectors. Three factors determine the selection,…

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