Xi’s High-Tech Drive Spurs Hunt for New Chinese Growth Stocks
- Beijing wants to cultivate “new quality productive forces”
- Beneficiaries may include chipmakers and robotics maker
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China’s vaguely-worded plan to foster new growth engines is spawning a guessing game among investors over which stocks to bet on.
The so-called new productive forces are meant to offer high technology, efficiency and quality. With industries from electric vehicles to hydrogen power, space flight to quantum technology mentioned this week, investors are speculating that Beijing will focus on artificial intelligence, chipmakers and automation.