Fisher: Don’t Let ‘Lost Decade’ Talk You Out of China Tech
Is a “lost decade” of Chinese tech stocks malaise ahead? Huawei CEO Ren Zhengfei’s much-discussed prediction of a “very painful historical period” sounds scary. And 2022’s bevy of global fears and tech-led declines in the Chinese stock market seemingly lend his words credence. But slow down. While some uncertainty confronts Chinese tech today, beware of extrapolating present concerns into the far future. History shows “lost decade” predictions and distant-future forecasts fail. Their popularity today says more about present sentiment than actual market future returns. Counterintuitively, such fearful forecasts are in fact bullish. Let me tell you why.
Ken Fisher is the founder and executive chairman of Fisher Investments, a money management firm serving large institutions and high net worth individuals globally.
- 1Cover Story: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?
- 2Analysis: Guangzhou Becomes Test Case for Coexistence With Covid in China
- 3China Eases Quarantine Rules, Lifts Travel Test Requirements in Covid Policy Overhaul
- 4Beijing City Government Denies Rumors That Covid Controls Set to be Scrapped
- 5China Relaxes Restrictions on Overseas Loans So Developers Can Repay Dollar Bonds
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas