Chinese consumption stocks set to gain, says J.P. Morgan

Hong Kong and Shanghai-listed Chinese consumption stocks will edge up in 2011 as Beijing encourages private consumption, reckons J.P. Morgan Asset Management.

Chinese consumption stocks set to gain, says J.P. Morgan

Hong Kong- and Shanghai-listed Chinese consumption stocks will gain in 2011 as Beijing shifts its emphasis to quality growth and encourages private consumption in its 12th five-year plan, according to J.P. Morgan Asset Management JPMAM.

Companies leading the rally will be those with businesses such as household electrical appliances, clothing and footwear. Their stock prices are likely to increase 15% to 20% this year. Publicly traded Chinese healthcare companies will also drive the growth,...

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