Booze, Surveillance Cameras, Autos: China's Top Stocks Under Xi
(Bloomberg) -- A glance at the top performing major stocks in China since Xi Jinping became president reveals a collection of companies that cater to the growing middle class, as well as the state’s security apparatus.
While Xi’s anti-graft campaign initially dented the outlook for makers of pricey liquor, distillers have bounced back, with Kweichow Moutai Co. and Wuliangye Yibin Co. more than tripling under his rule. Inner Mongolia Yili Industrial Group Co., the country’s largest listed dairy company by market value, is among the top 10, as is Jiangsu Hengrui Medicine Co. -- the biggest drugmaker.
The return of Focus Media Information Technology Co. -- the top performer -- is warped by the company’s backdoor listing in 2015.
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