After last month’s excitement over stimulus plans, Chinese stocks now face mounting challenges as earnings have yet to pick up and heightened U.S. trade tensions loom. “Stock picking remains important with [the] headwind of tariffs, a weaker currency and persistent deflation,” Morgan Stanley chief China equity strategist Laura Wang and a team said in a report Thursday. For investment options, she referred to the firm’s survey of China stocks the investment bank’s analysts already cover. The firm screened for stocks that could outperform depending on which of three scenarios unfolded. Only the bear case accounted for significant U.S. tariffs and restrictions. The base and bull cases assumed the status quo in U.S.-China relations. The bear case also expects 1 trillion yuan, or $140 billion, in fiscal stimulus a year and MSCI China earnings per share growth of 3% this year and 5% next year. Morgan Stanley’s basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. They also have free cash flow yield above 4% from 2023 to 2025 and market capitalization above $2 billion, among other factors. The companies must not be on Morgan Stanley’s lists of stocks at a disadvantage from Republican policy and supply chain diversification. The only consumer name that made the list was Tingyi , a Hong Kong-listed company that owns instant noodles brand Master Kong. The company is also PepsiCo ‘s exclusive manufacturer and seller in China. Tingyi’s net profit in beverages rose nearly 26% in the first half of 2024 compared to a year ago, while that of instant noodles rose 5.4%. Morgan Stanley expects Tingyi’s earnings per share to grow 12% this year and 11% in 2025. Other Chinese companies that made Morgan Stanley’s bear case basket included two state-owned energy stocks: drilling company China Oilfield Services and Cosco Shipping Energy Transportation , which specializes in shipping oil and natural gas. Both stocks are listed in Hong Kong, as is the only industrials name on the bear case list, Sinotruk . The truck manufacturer is also state owned. Morgan Stanley expects China Oilfield Services can grow earnings per share by 41% this year and 33% next year, while Cosco Shipping Energy Transportation can see its earnings rise 33% this year, before slowing to 16% growth next year. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates. MSCI China constituents are on track for their 13th straight quarter of earnings misses, despite recent improvements in economic data, Morgan Stanley’s Wang said. “We expect further earnings downward revisions amid lingering deflationary pressure and geopolitical uncertainties until more policy clarity emerges.” Asia equity fund managers have modestly increased their exposure to China since September’s stimulus announcements, Morningstar strategist Claire Liang said in a phone interview Friday. “But many managers have said whether this rally can continue will depend on whether the policies can see real results,” Liang said in Mandarin, which was translated by CNBC. Beyond stabilizing the economy, she said the managers are looking for whether corporate earnings can recover. China’s October data release on Friday underscored a slow economic recovery despite the latest barrage of stimulus announcements. Industrial production missed forecasts. Fixed asset investment grew more slowly than forecast as the drop in real estate investment steepened, albeit with new home sales narrowing their decline. Only retail sales beat expectations with 4.8% growth . For China’s export-heavy economy, the risk of U.S. tariffs has only risen over the past two weeks as the Republican Party has taken control of the U.S. Congress and President-elect Donald Trump has filled his cabinet with China hawks. Morgan Stanley’s U.S. policy team expects Trump to impose tariffs soon after he takes office, and potentially hit Europe and Mexico along with China imports. While China is better positioned than six years ago to stave off the effects of targeted tariffs, the analysts said global duties on U.S. imports would hit China as much as targeted tariffs did in 2018.
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Camping is a fun summer activity. What’s not fun is having no access to electricity. You can’t charge your phone, watch TV, or make your morning cup of coffee. Thankfully, portable power stations allow you to do all that and more. It’s literally like bringing along a giant battery for all of your electronics. Portable power stations are also good to have around your home in case of power outages.
There’s just the problem of price. Portable power stations are notoriously expensive, especially ones that have a larger energy storage capacity. The good news is that we were able to find a solid deal on a 1,056-watt-hour (or 1 kilowatt-hour) power station. This $800 Anker Solix C1000 Portable Power Station is $550 at Amazon for a limited time. At 31% off, you’re saving $250.
Anker Solix C1000 Portable Power Station, $550 (was $800) at Amazon
The Anker Solix C1000 features a power output of 1,800 watts, making it strong enough to handle multiple electronics and small appliances at once. It has 11total power ports. You get two USB-A and USB-C ports, a car socket, and six AC outlets. Additionally, it also functions as a night light and has a handle for easy carrying. It weighs about 28 pounds.
Now let’s talk about charging. There are two ways you can charge the Anker Solix C1000. The first way is just by plugging it into a standard AC wall outlet. Or if you have the portable solar panels (sold separately), you simply connect the wires and place the panels in the sun. When plugged into an AC outlet, your power station can be fully charged in about an hour. If you charge up with solar, it’ll likely take around two hours. The digital display on the front of the power station shows you the battery and charging status.
Shoppers have found multiple uses for this portable power station. “We bought it mainly for short power outages and to run our refrigerator, but it will have many other uses for sure,” one shopper said. “Just this past week, I had to do some repairs to our floating dock, and there is no extension cord long enough to reach, so I brought this Anker Solix C1000 and it powered our two saws and drills without any issue at all. It’s very cool and has lots of different outlets. Very impressive unit!”
Others say they get daily use out of it. “I love it. I use it every day. I am traveling and camping everywhere,” one shopper shared. “I use it to power a car mobile refrigerator, a little portable air conditioner, and of course, my iPhone and other electronics, and sometimes an electric stove. It can take on all tasks with no problem. I love the mobile design and durability.”
You don’t need to be ‘roughing it’ the next time you go camping. Consider grabbing the Anker Solix C1000 Portable Power Station to keep all your devices charged and bring along a few essentials for the kitchen or living room. You’ll feel like you never left home.
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Time is the most valuable thing any of us has. Therefore, why not keep track of it in the most accurate and stylish way possible, relishing every second? Amazon can help you do that with its incredible selection of high-end watches. One of them, from Citizen, is currently available for half off, and we think it ticks all the boxes.
The Citizen Calandrier Eco-Drive Watch is on sale for $260 right now, which is 50% off the regular price of $525. Not only does this watch give you the time, but it even tells you the day and the date.
Citizen Calandrier Eco-Drive Watch, $260 (was $625) at Amazon
While a watch that tells the time is useful, one that does that and lets you know exactly what day and date it is can keep you on schedule better than you might imagine. In addition to the time, day, and date functions, this watch has a 24-hour tracker and world time function, so you can know what time it is anywhere in the world.
With a stainless steel case and bracelet, the timepiece oozes elegance and durability. Its blue dial is highly legible and attractive, and is sure to get you plenty of compliments. It also has a scratch-resistant mineral crystal and 100 meters of water resistance. The Japan-made quartz movement inside operates off of solar energy, provided by the Eco-Drive technology within.
Amazon customers raved about this watch. One called it “my favorite watch,” adding, “I fell in love with how it looked…It feels and looks like a very high-quality watch. All the functions work perfectly and are not hard to read.”
Another touted the “beautiful blue dial,” and said, “I love good-looking watches…but if the design can incorporate useful functions as well, it’s a winner for me. And this watch does all of that.”
The Citizen Calandrier Eco-Drive Watch will let you know exactly when you are, and it can do so in style. It can also do so for only $260 at the moment, so why not take a chance? We would never waste your time if it weren’t worth it.