Bearish on China, but bullish on Chinese equities

Bearish on China, but bullish on Chinese equities: Kay Van-Petersen (VIDEO) China's major banks will report their 2014 profits and they are expected to be in single figures, with many watchers keeping an eye out for action from the Chinese central bank. Saxo Capital Markets Asia Macro Strategist Kay Van-Petersen says timing on the PBSC taking action is key but is hard to predict, but believes they Chinese central bank will act more significantly than is bullish on Chinese equities, but points out that Chinese equities have been cheap for decades. I'm bullish on equities in China, but a misconception that a lot of people in the Asia Pacific have is that China trades on valuations or fundamentals, and I don't think it does, and I don't think it has for many, many years. You can turn around and say that Chinese stocks are still cheap, but they have been cheap for decades. (VIEW LINK)