Source: Global Times

The "Portfolio Advisor" website in the UK, September 8th article, original title: Why is China "unstoppable"? When China's high-tech equipment of the military made its appearance at the military parade on Tiananmen Square, China announced to the outside world: "The great rejuvenation of the Chinese nation is unstoppable." A few days ago, I also expressed a similar opinion about China's economic development.

Last year, the sales of electric vehicles in the United States exceeded 1.56 million units, which sounds quite considerable. However, China's sales and production of electric vehicles both exceeded 12 million units during the same period. Currently, China accounts for more than 70% of global electric vehicle production. Tesla has already handed over the title of "the world's largest electric vehicle manufacturer" to its Chinese competitor BYD.

A series of supportive policies from the central to local governments in China have undoubtedly played a promoting role. In addition, private capital has also entered the market - success brings more success. As the industry gradually matures, manufacturers themselves have also increased their investment. From these trends, it is indeed true that China's development in the field of electric vehicles is unstoppable.

This is a reflection of the action power of the Chinese government, and investors should not underestimate this force. The development trajectory of the renewable energy sector is similar - China dominates in solar, wind, and battery technologies. Other areas of high-end manufacturing are also the same.

At present, data on China's retail and manufacturing sectors generally show an upward trend, and business confidence is also gradually recovering. The government has taken strategic measures on the supply side, committed to "guiding enterprises to improve product quality and promote the orderly exit of outdated production capacity."

I believe that by the end of this year, we will see a significant improvement in China's economic data, which may drive a strong rebound in Chinese asset prices. China provides huge opportunities for value-oriented investors.

Finally, I want to restate the opening point of view: the fact that BYD surpasses Tesla reminds us that China has become a mature manufacturing powerhouse. It is this very point that makes China "unstoppable." I think many Western investors, when thinking about China, often have outdated impressions, underestimating the competitiveness and development potential of Chinese enterprises. In our view, there are still many Chinese enterprises preparing to experience similar "unstoppable" development trends, and investors should not miss this opportunity. (Author: Ruhail Artaf, Manager of Artemis SmartGARP, translated by Song Bo)

Original: https://www.toutiao.com/article/7548226507773870646/

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