(Bloomberg) -- China’s consumer and climate change-affected stocks will offer better returns than the likes of baijiu distillers given relative valuations and the weak economy, according to AllianceBernstein.Most Read from BloombergHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesChina Considers Government Buying of Unsold Homes to Save Property MarketBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsOpenAI Chief Scie
After Brussels sought to protect carmakers like Volkswagen from Chinese EV makers like BYD, Xi Jinping may now be targeting competitors of Kweichow Moutai.