Quote:
Originally Posted by Chick Webb
Quote:
Originally Posted by antzcrashing
The Chinese consumer wants to go to parties and festivals and cruises and vacations. They aren't different than other consumers after lockdown
|
Yes, of course. Will they have the wherewithal? That remains to be seen; it's not like the Chinese gov't has been showering them with money while sitting out COVID, as ours did.
And, if they do have the funds, won't they (also) be spending primarily on services as opposed to goods? That would argue for investing in hotels, services, etc., that have exposure to China. That's why I suggested WYNN (which, full disclosure, I own); they will benefit greatly from Macau reopening. I'd also look at international hotels that have exposure to China. MAR, maybe? Dining, too. YUM? |
I agree with you but I don't think that the tech and consumer industry will be lost on China just because they had less stimulus, as soon as they go out more, they are going to want the latest phone and fashion trends to go with it.