Business and finance news from the Asia-Pacific.
Under the shadow of Beijing's single-minded focus on artificial intelligence, China's consumer stocks are trapped in a lost decade. The industry is showing a stark contrast with the high-flying tech sector. MSCI China's consumer goods sub-indexes plunged roughly 18% over the past six months to near 10-year lows, while the AI-heavy technology gauge surged to more than double its 2016 level. During the latest earnings season, consumer staples firms in the MSCI gauge missed profit expectations by nearly 50%. We speak to Winnie Hsu, Asia Equities Reporter.
Plus - Yukio Kani, Global CEO and Chair at Jera, discusses the company's partnership with Dell and UK-based AI infrastructure developer RHAELM on a $15 billion AI infrastructure project in Japan. He speaks with Shery Ahn on Bloomberg: The Asia Trade.
See omnystudio.com/listener for privacy information.