Dan Wang 5.2 2 ideas

Regarding the upcoming NPC: "There will be more infrastructure and domestic stimulus... not for consumers." The market is hoping for a "big bang" stimulus to ignite Chinese consumption. Wang predicts the government will stick to supply-side/manufacturing support. If the market expects consumer handouts and doesn't get them, consumer-facing tech and retail stocks will re-rate lower. Avoid Chinese Consumer Discretionary. Surprise announcement of direct cash handouts to households.