Post G20 Fade Playbook with Best Short and Longs

CHINA - Healthcare, Steel, Autos, Education, Research From Beijing

Scott Laprise/ 乐天虎

CHINA - Healthcare, Steel, Autos, Education

Thematic (Sector/Industry)

<ul>
<li>North Korea is a big problem for the U.S. and they need China to help but China is worried about Koreans fleeing into China.</li>
<li>Trade is an issue for the U.S. as they would like to see China import more products. Beef and financials already opening as a result of the meeting.</li>
<li>The meeting went better than consensus was expecting and slightly more positive than our already bullish view on China.</li>
<li>Xi looks to be taking the calm approach towards the US while trying to minimize engagement.</li>
<li>Our view in…</li>
</ul>


North Korea is a big problem for the U.S. and they need China to help but China is worried about Koreans fleeing into China.
Trade is an issue for the U.S. as they would like to see China import more products. Beef and financials already opening as a result of the meeting.
The meeting went better than consensus was expecting and slightly more positive than our already bullish view on China.
Xi looks to be taking the calm approach towards the US while trying to minimize engagement.
Our view in…


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