I'd be cautious about any comments coming from the execs of Tencent, AIA, etc... From my post earlier: "The latest 2023 Business Climate Survey from the European Union Chamber of Commerce in China shows a significant deterioration in business sentiment. Nevertheless, a Singapore based portfolio manager has likened the environment in China to the old joke about three blind men looking at an elephant. Depending on which part of the elephant you’re touching, you get a very different view of what that elephant looks like…" https://emergingmarketskeptic.substack.com/p/emerging-markets-week-june-26-2023
I'd be cautious about any comments coming from the execs of Tencent, AIA, etc... From my post earlier: "The latest 2023 Business Climate Survey from the European Union Chamber of Commerce in China shows a significant deterioration in business sentiment. Nevertheless, a Singapore based portfolio manager has likened the environment in China to the old joke about three blind men looking at an elephant. Depending on which part of the elephant you’re touching, you get a very different view of what that elephant looks like…" https://emergingmarketskeptic.substack.com/p/emerging-markets-week-june-26-2023