FUND VIEW-First State favours China toll roads, TV makers

Newswire

By Dominic Lau HONG KONG, Aug 20 (Reuters) - Mainland consumer-driven stocks, such as toll roads and TV makers, are poised to make further gains in coming months as increasingly wealthy Chinese continue to spend, First State Investments said on Wednesday. "The consumption story in China has a long way to go because salary in absolute terms is still very low and going up," Martin Lau, senior portfolio manager at First State Investments told Reuters. "Consumers are underleveraged or ...

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