Pendal says investors underestimate China’s export strength

• Pendal Group remains overweight China, favoring technology and industrial exporters as it sees export strength as underappreciated by investors.
• China's trade surplus rose from US$ 670 billion in 2021 to US$ 1.2 trillion in the 12 months to August 2026.
• Second-quarter real GDP grew 4.3% year over year despite a prolonged property downturn and weak domestic demand.
• US Federal Reserve analysts estimate the renminbi is 24% undervalued, supporting China's growing competitiveness in higher-value exports.
• The investment team remains cautious on export-oriented industries in Korea and Taiwan as competitive pressure from China intensifies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pendal Group Limited published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.