3 Themes for China's Year of the Ox

Renewable energy, food and industrial champions are key to China's progress in the Year of the Ox, an animal associated with reliability, prosperity and patience

James Gard 11 February, 2021 | 9:12AM
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China ox statue

Chinese New Year is fast approaching as the eventful Year of the Rat gives way to the Year of the Ox on February 12. Last year, China was the best performing equity market in the world and that good run has so far continued into the start of 2021.

Investors are hoping the Ox’s bull-like characteristics will help bring further good fortune this year, as the animal is associated with prosperity, reliability and patience. The three-day celebrations themselves are likely to bring a big uptick in domestic consumer spending, as last year’s festivities were abruptly cut short by coronavirus restrictions. 

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James Gard  is content editor for Morningstar.co.uk

 

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