Global healthcare and biotech are laggard sectors that are poised for a massive upcycle if AI can drive productivity growth in the space, making them attractive as capital broadens out from pure tech.
China has transformed into the world's largest engineering ecosystem, enabling lightning-fast innovation, commercialization, and scaling across EVs, robotics, AI, cloud, and batteries. Many Chinese tech companies are now global leaders but remain deeply undervalued relative to this innovation-driven growth, with a huge divergence between tech-driven firms and traditional macro-driven businesses that index-level data masks.