Speaking on CNBC’s Squawk Box program, Capital Link International Chief Strategist Uwe Parpart, said on Monday that any dip in Chinese markets after 19th Communist Party Congress would be a good time to buy China stocks.
Voicing confidence in the Chinese economy, Parpart said the country had been deleveraging over the last couple of years and that there had been a good increase in the profitability of major Chinese companies.
Parpart also gave his view that US markets are anticipating a tax cut. High-tax stocks of the kind that will benefit from such a move from the Trump administration were currently driving the market, he observed, adding that a lack of inflation means any tightening of monetary policy currently seems a distant prospect.
Parpart is editor-in-chief of Asia Times.