“Having visited those driving change in China, I am less confused and increasingly of the belief that the next few years will be stronger than the market currently predicts,” he said. “Much has been written about China, the state of Chinese industry and its economy, and the implications for the broader global economy, but there is good cause to question whether things are universally as bad on the ground as we are led to believe”
“While China at the macro level is cloudy the micro level appears to have greater visibility as companies and the market continue to evolve,” Sheldon continued. Within the cloudy macro of China he said there is a clear line of sight at profit growth for many Western industrial companies there. “This next phase of China’s industrial evolution, driven by a higher quality industrial ecosystem and a desired higher quality of life for the Chinese, should provide nice tailwinds for the coming years.”
