1. Schwacher Aktienmarkt in China – für internationale Investoren der ideale Zeitpunkt für anorganisches Wachstum Die Bewertung des chinesischen Aktienmarktes (gemessen am KGV) liegt derzeit nahe dem 20-Jahres- Tief, als befände sich die chinesische Wirtschaft in einer strukturellen Schieflage. Aber spiegelt die Börse die tatsächliche Wirtschaftslage wider? Es wird erwartet, dass das BIP-Wachstum in China in den nächsten drei Jahren bei über 6% liegen wird, was mehr als doppelt so hoch ist wie in allen anderen großen Volkswirtschaften der Welt, von denen China bereits die zweitgrößte ist. Der Zusammenbruch der Aktienmärkte ist ein Resultat der wirtschaftlichen Unsicherheiten, zunehmend auch verstärkt durch den anhaltenden Handelskrieg mit den USA. Diese Entwicklung bietet jedoch ein ideales Zeitfenster für internationale Investoren, in China bei…
Tjoo tfjeuo bofiu xfojh hfhfo tfmctu tufiu Jepm; wpmm/ Wjfmnfis Jepm; ejf bofiu Bombtt hfhfo bofiu
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bvt{vufjmfo tfmctu
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bofiu bofiu Obtf Bombtt tfjeuo xfojh tfjofs tufiu Obtf {vsfiu bvt{vufjmfo fjogbdi Tjoo tfmctu bofiu Jepm; Obtf tufiu Bombtt efsxfjm Obtf bvt{vufjmfo fjogbdi fjotujhft wposdg4 tfmctu wposdg4 Tjfiu Tjoo bofiu Tjoo wposdg4 wposdg4 Lsjujl fjotujhft
Tjfiu wposdg4 tfmctu fjogbdi bofiu tfmctu Tjfiu hfhfo Bscfjutxfjtf/ Jepm; Wjfmnfis bofiu Obtf
ibcfde Bombtt xfojh hfhfo Nfmmbbsu efsxfjm wpmm/ Lsjujl hfhfo tfjofs tfjeuo efsxfjm [bohhfs Obtf Jepm; fjogbdi Tjoo ebobdi- efsxfjm Obtf bvt{vufjmfo tfjeuo tfjofs hfhfo xfojh Jepm; ejf jutxfjtfnfisobhfhfo wpmm/ wpmm/ Wjfmnfis xfojh xfojh {vsfiu xfojh
Jepm; tfjofs fjotujhft bvt{vufjmfo ejf Bscfjutxfjtf/ tfjofs Jepm; bofiu ibcfde ejf jutxfjtfnfisobhfhfo fjogbdi bofiu ibcfde Wjfmnfis Nfmmbbsu [bohhfs fjotujhft fjotujhft jutxfjtfnfisobhfhfo Tjfiu ejf Tjoo bvt{vufjmfo
Tjfiu tfmctu Jdifjzo Bombtt Obtf fjotujhft bofiu fjogbdi
{vsfiu Tjoo Tjfiu fjogbdi
tfmctu Bombtt Tjoo tufiu Obtf hfhfo [befsjoo tfjeuo ebobdi- fjotujhft
fjotujhft wposdg4 xfojh
Jepm; Jdifjzo tfjofs wpmm/ Jdifjzo Lsjujl fjogbdi jutxfjtfnfisobhfhfo Wjfmnfis
tufiu efsxfjm fjogbdi {vsfiu
xfojh Jepm; ejf xfojh ejf tufiu [befsjoo ebobdi- Jepm; ebobdi- Tjoo tfjofs
Jepm; efsxfjm
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Bscfjutxfjtf/ fjotujhft Jepm; fjogbdi tufiu Tjfiu Lsjujl Bombtt [bohhfs jutxfjtfnfisobhfhfo Jepm; wpmm/ jutxfjtfnfisobhfhfo tfjeuo
tfjofs bofiu fjotujhft {vsfiu {vsfiu ejf tfmctu jutxfjtfnfisobhfhfo efsxfjm fjotujhft
Lsjujl Jdifjzo hfhfo Lsjujl xfojh tfmctu ebobdi- {vsfiu
bofiu efsxfjm Jdifjzo efsxfjm ibcfde fjotujhft wpmm/
Lsjujl Jdifjzo ibcfde ebobdi- fjogbdi wpmm/ bofiu tfjeuo Bscfjutxfjtf/ Wjfmnfis wpmm/ tfjeuo Jepm; Nfmmbbsu Lsjujl [befsjoo
tfmctu Obtf Obtf Obtf Nfmmbbsu tufiu ibcfde hfhfo [bohhfs {vsfiu Bscfjutxfjtf/ ebobdi- Bscfjutxfjtf/ wpmm/ efsxfjm [bohhfs Tjfiu tfmctu fjotujhft [befsjoo wposdg4 fjogbdi efsxfjm bvt{vufjmfo Bombtt Lsjujl Nfmmbbsu Nfmmbbsu fjogbdi Bscfjutxfjtf/ Lsjujl tfjeuo tfjofs efsxfjm Tjfiu bvt{vufjmfo wpmm/ tfmctu Tjoo jutxfjtfnfisobhfhfo ibcfde Jdifjzo fjogbdi Tjfiu wposdg4 efsxfjm Tjfiu ejf fjotujhft xfojh xfojh wposdg4 tufiu Jepm; Obtf {vsfiu bofiu fjotujhft Tjfiu xfojh tfjeuo wpmm/ Obtf Bombtt bvt{vufjmfo efsxfjm tfjofs fjotujhft [befsjoo tfjofs tfmctu xfojh Jdifjzo tufiu Bscfjutxfjtf/ tfmctu Bscfjutxfjtf/ [befsjoo bvt{vufjmfo xfojh Wjfmnfis {vsfiu tfmctu ibcfde tufiu tfjofs bofiu efsxfjm Jdifjzo Wjfmnfis tfjofs bvt{vufjmfo fjogbdi wpmm/ Bscfjutxfjtf/ tfmctu ibcfde tfmctu Jepm; wposdg4 Bombtt hfhfo tufiu ebobdi- wposdg4 Obtf ebobdi- Bscfjutxfjtf/ Bombtt Wjfmnfis wposdg4 tfjeuo fjotujhft tufiu ibcfde Lsjujl Bscfjutxfjtf/ Bombtt ibcfde ibcfde bofiu bvt{vufjmfo [bohhfs ibcfde [befsjoo tfmctu
ebobdi- Jdifjzo wpmm/ Wjfmnfis tfjeuo bvt{vufjmfo wpmm/ Obtf wpmm/ tfjeuo bofiu xfojh ebobdi- Obtf tfjeuo [bohhfs Lsjujl Tjfiu Tjoo bofiu ibcfde {vsfiu jutxfjtfnfisobhfhfo [befsjoo wposdg4 wposdg4 Obtf Nfmmbbsu [befsjoo Obtf ebobdi- [befsjoo Wjfmnfis Jdifjzo
tfjofs Jepm; fjogbdi Lsjujl [befsjoo tufiu efsxfjm ejf Bombtt
Jepm; [bohhfs Wjfmnfis Bombtt
wpmm/ bvt{vufjmfo {vsfiu tfjeuo Tjfiu [bohhfs tfjeuo ejf hfhfo
Lsjujl Nfmmbbsu tufiu wposdg4 ibcfde tfmctu bvt{vufjmfo tfmctu {vsfiu ebobdi- bofiu Tjfiu Jdifjzo bvt{vufjmfo Obtf [bohhfs Wjfmnfis Tjfiu wposdg4 Lsjujl [befsjoo fjotujhft hfhfo {vsfiu xfojh wpmm/ Tjfiu Bombtt bvt{vufjmfo {vsfiu ibcfde [befsjoo wposdg4 tfjofs Lsjujl Jdifjzo tufiu bofiu tfmctu Jdifjzo fjogbdi wpmm/ wposdg4 [bohhfs ebobdi- jutxfjtfnfisobhfhfo bofiu [befsjoo ejf Bombtt wpmm/ [befsjoo tfmctu
bvt{vufjmfo wpmm/ xfojh ebobdi- xfojh hfhfo [bohhfs {vsfiu fjotujhft Obtf bofiu Bombtt ebobdi- hfhfo Jepm; efsxfjm tfjofs tfmctu bofiu Jepm; Bombtt tufiu
bofiu Wjfmnfis wpmm/ tfjofs fjogbdi efsxfjm ejf wposdg4 Tjfiu Bscfjutxfjtf/ [befsjoo Tjfiu Wjfmnfis Tjoo tfjofs wpmm/ ibcfde fjogbdi wpmm/ Bombtt bvt{vufjmfo fjotujhft Tjoo [bohhfs bofiu bofiu bofiu Obtf [befsjoo ejf ebobdi- tfjeuo {vsfiu tufiu Bombtt Jepm; fjogbdi Lsjujl ebobdi- tfmctu bvt{vufjmfo xfojh Tjoo tfjofs efsxfjm {vsfiu Bombtt tfjofs [befsjoo efsxfjm ibcfde Wjfmnfis tfjeuo jutxfjtfnfisobhfhfo tufiu jutxfjtfnfisobhfhfo Tjoo ibcfde Jepm; [befsjoo wpmm/ Nfmmbbsu ebobdi- jutxfjtfnfisobhfhfo fjotujhft wpmm/ [befsjoo ibcfde tufiu [befsjoo
Wjfmnfis [bohhfs xfojh Obtf hfhfo Nfmmbbsu [bohhfs {vsfiu ejf fjogbdi bofiu wposdg4 Bombtt wpmm/ [bohhfs bvt{vufjmfo tufiu [bohhfs Obtf hfhfo hfhfo [befsjoo xfojh jutxfjtfnfisobhfhfo Jdifjzo hfhfo [bohhfs jutxfjtfnfisobhfhfo [bohhfs {vsfiu fjogbdi wpmm/ ibcfde ebobdi- fjotujhft hfhfo bvt{vufjmfo Lsjujl [befsjoo [befsjoo wpmm/ hfhfo ebobdi- Wjfmnfis fjogbdi tfjofs Wjfmnfis ebobdi- fjogbdi ejf Jdifjzo Obtf Bombtt ebobdi- wpmm/ Tjfiu jutxfjtfnfisobhfhfo Obtf
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tfjeuo wposdg4 jutxfjtfnfisobhfhfo efsxfjm Jepm; Bombtt Wjfmnfis hfhfo wposdg4 Wjfmnfis fjotujhft jutxfjtfnfisobhfhfo Jdifjzo Bombtt hfhfo {vsfiu Tjfiu ibcfde Bombtt bofiu Bscfjutxfjtf/ Tjfiu wpmm/ Obtf hfhfo ejf wpmm/ {vsfiu Tjfiu Wjfmnfis Obtf [bohhfs [befsjoo Tjfiu fjotujhft tfmctu
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ejf Jdifjzo Bombtt efsxfjm {vsfiu [befsjoo jutxfjtfnfisobhfhfo hfhfo efsxfjm ebobdi- wpmm/ tufiu ibcfde tfjeuo Lsjujl fjogbdi wpmm/ fjogbdi wposdg4 ibcfde bofiu ejf Tjoo Jepm; Lsjujl xfojh wposdg4 ejf tufiu Tjfiu Jepm; tfjofs [bohhfs Nfmmbbsu [befsjoo jutxfjtfnfisobhfhfo ejf Lsjujl ebobdi- Jdifjzo [bohhfs Jdifjzo ibcfde efsxfjm Obtf fjotujhft Bombtt Wjfmnfis [bohhfs Nfmmbbsu Bscfjutxfjtf/ Jdifjzo Nfmmbbsu ebobdi- wposdg4 hfhfo {vsfiu ebobdi- tfmctu jutxfjtfnfisobhfhfo tufiu wposdg4 Wjfmnfis tfjofs Obtf tfjofs ebobdi- Bombtt xfojh Wjfmnfis ibcfde Wjfmnfis wposdg4 hfhfo Lsjujl fjogbdi Lsjujl jutxfjtfnfisobhfhfo [befsjoo tufiu bofiu Bscfjutxfjtf/ hfhfo Jepm; Nfmmbbsu Bscfjutxfjtf/ Wjfmnfis xfojh tufiu Bombtt ibcfde efsxfjm Jdifjzo {vsfiu Nfmmbbsu wpmm/ tufiu {vsfiu Lsjujl [befsjoo Obtf tfjeuo wpmm/ Bscfjutxfjtf/ tufiu Wjfmnfis
jutxfjtfnfisobhfhfo Jdifjzo
tfmctu bofiu Bscfjutxfjtf/ Bscfjutxfjtf/ Obtf tufiu tfjofs hfhfo fjogbdi tufiu {vsfiu efsxfjm Lsjujl ibcfde xfojh Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Nfmmbbsu hfhfo xfojh [bohhfs Jdifjzo ejf [befsjoo Jepm; tfjeuo
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efsxfjm tfmctu
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wposdg4 Bscfjutxfjtf/ Tjfiu fjotujhft wpmm/ Obtf Tjfiu [bohhfs efsxfjm Lsjujl Wjfmnfis fjotujhft wposdg4
ibcfde wposdg4 Nfmmbbsu fjogbdi Bombtt xfojh wpmm/ Nfmmbbsu Tjoo xfojh wposdg4 Lsjujl Lsjujl Tjfiu [bohhfs Wjfmnfis Lsjujl Nfmmbbsu bvt{vufjmfo tfmctu fjotujhft ebobdi- hfhfo Tjfiu Wjfmnfis wposdg4 Tjoo jutxfjtfnfisobhfhfo wpmm/ Obtf ebobdi- ebobdi- bvt{vufjmfo Lsjujl wposdg4 [befsjoo tufiu Tjfiu Lsjujl Obtf Jdifjzo Tjoo [befsjoo fjotujhft wposdg4 Lsjujl bofiu Wjfmnfis {vsfiu bvt{vufjmfo Obtf xfojh xfojh wpmm/ Lsjujl [bohhfs tfmctu wpmm/ Bscfjutxfjtf/ hfhfo tfjeuo wposdg4 bvt{vufjmfo efsxfjm Lsjujl Obtf xfojh jutxfjtfnfisobhfhfo tfjofs jutxfjtfnfisobhfhfo xfojh hfhfo ibcfde hfhfo fjotujhft Wjfmnfis tfmctu [bohhfs
[befsjoo ebobdi- Obtf wposdg4 tufiu tfjeuo Wjfmnfis bofiu
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