I tend to think that China is underestimated, both in the short and long term.There is a narrative out there that China is 'struggling' and that stimulus is long overdue but the facts don't exactly bear that out. Chinese GDP is still growing at a nearly 5% pace, which is the envy of the world. In addition, it's export sector continues to boom with a 6.7% y/y reported earlier this week. Yes, that's below the +8.5% rise expected but it's sill strong growth and its growing dominance in EVs could lead to a long runway for foreign sales.The re-framing of exactly how well China is doing may explain why Beijing has been slow to unlock stimulus. There could also be sensitivity to global inflation an
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