China’s tech sector a good bet, says chief strategist
China’s tech sector is a long-term favorite of Capital Link International chief strategist Uwe Parpart.
“There’s no question that the technology penetration of the Chinese mainland has been amazing,” Parpart explained during a Bloomberg radio interview. “More penetration of IT than probably anywhere else in the world. From banking to everything else. Why not stay with that?”
Parpart, who is also editor of Asia Times, made the recommendation while discussing the economic outlook for 2017 with Bloomberg’s Juliette Saly and Bryan Curtis.