Investors are getting more bang for their buck this year by buying European companies with a focus on China than buying Chinese companies themselves, a sign of the unevenness of China's pandemic recovery and geopolitical concerns
The relative cheapness of European stocks, at least at the start of this year, has also been important.
"We own Swatch. That is a sort of an innovative way of playing the resurgence in luxury consumption in China, but it is also a discounted way of playing that."
France Dernières Nouvelles, France Actualités
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