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Chinese consumers are getting richer. UBS picks the stocks to cash in

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Chinese consumers are getting richer. UBS picks the stocks to cash in

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Joggers in Shanghai, China, on April 10, 2021.

Qilai Shen | Bloomberg | Getty Images

China’s wealthy younger individuals and rich older consumers current a raft of latest alternatives for traders —particularly in the tech and well being care sectors, in accordance to analysts at UBS.

The funding agency picked numerous stocks that faucet into the present and future wants of every era, and mentioned the over-60s have “unprecedented wealth,” in a analysis word revealed this month.

Meanwhile, well-educated youthful individuals have more cash than their friends in different nations and are behind a lift in spending on tech platforms.

Here are a dozen of the financial institution’s inventory picks:

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