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Hedge Fund Sees China Stocks Climbing in Spite of Trade War

  • APS CIO Wong says gain could be 20% over next 3 years
  • Stocks could rise as much as 50% if tensions ease: Wong
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Michael Every, head of financial markets research at Rabobank, talks about China’s economy, stocks and currency.(Source: Bloomberg)

Chinese stocks may rise 20 percent over the next three years even if conflicts with the U.S. persist, a $3 billion hedge fund manager said as the trade war between the nations kicked off.

If tensions ease over trade and technology, the gain could be as much as 50 percent, said Wong Kok Hoi, founder and chief investment officer of APS Asset Management Pte in Singapore. That compares with the CSI300 Index losing about 14 percent so far this year.