The Chinese stimulus to domestic consumption triggers the advantage of the Asian bag against Wall Street at maximum 2022

The correction of the US Variable Income Market in this first quarter of 2025 in the face of uncertainties unleashed by the policies (tariff and non -tariff) of its president, Donald Trump, have favored the rebalancing of the stock market portfolios of international investors, something that has translated into advances in the selective of Japan and Hong Kong. Especially in the last sessions. The Hang Seng, in fact, is already revalued by about 22% so far this year, and leaves profits greater than 15% for the European investor.

In addition, China’s posture change towards Promotion of domestic consumption -Tal and as reported after announcing a new round of stimuli to its economy on Monday- it has also served as support for the bullfightingthat they see that measure a way to reduce the vulnerability of the country to tariffs.

In this context, the MSCI Asia, the selective that includes medium and high capitalization values ​​of the developed and emerging markets of Asia (is composed of more than 1,200 companies), has achieved a revaluation so far this year of 3.5%. A percentage that has been increased in the last sessions. And, so far in March the selective of Morgan Stanley has revalued a 2.4%surpassing in seven percentage points the monthly balance that s&p 500 throws.

This gap between the two selective was not seen since the end of 2022, more than two years ago and occurs in the heat of the increasingly recurring comments of portfolio managers and investment strategists that suggest that the non -American variable income can exceed the American in the coming years and return to lead the market.

In this sense, Richard Tang and Eric Mak, market research analysts in Asia for Julius Baer highlights China’s recent approach to consumption, with the 30 directional measures announced by the State Council this Monday, which “They could promote a more positive feeling in the short term and fund flows to the Chinese consumer sector. “

The Action Plan highlights several ways to boost consumption, including Promote reasonable salary growth, increase basic pension plans for retireesguarantee the punctual and complete distribution of unemployment benefits, establish a system of subsidies for the care of children and stabilize the stock market to boost income.

“In our opinion, the measures generally address the weak points of Chinese consumers,” stand out from the Switzerland and although they point out that they are aware that government policies do not easily stimulate consumption, consumption, “We believe that the information of recent days can still serve as a catalyst for a positive movement in the sector. This supports our thesis to expand exposure to non -technological sectors, in particular the consumer sector. “

And in the same direction Mathieu Racheter is positioned, responsible for investigation is market strategy of the same firm, which ensures that “we advoc to take advantage of any short -term rebound of US variable income as an opportunity to diversify even more in non -American markets.”