Chinese consumption stocks set to gain, says J.P. Morgan

Hong Kong and Shanghai-listed Chinese consumption stocks will edge up in 2011 as Beijing encourages private consumption, reckons J.P. Morgan Asset Management.
Chinese customers shopping for flat screen TVs in Yichang city. (AFP)
Chinese customers shopping for flat screen TVs in Yichang city. (AFP)

Hong Kong- and Shanghai-listed Chinese consumption stocks will gain in 2011 as Beijing shifts its emphasis to quality growth and encourages private consumption in its 12th five-year plan, according to J.P. Morgan Asset Management (JPMAM).

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