China's structural transformation

Markus Müller, the Private Bank’s Head of the CIO Office and CIO for Sustainability, joins this week’s PERSPECTIVES Weekly Podcast to highlight the forces shaping markets during Chinese New Year.

Markus notes that while near‑term data releases will attract attention, the more important focus is China’s ongoing structural transition. As he puts it, “it isn’t true that China is stagnating – it’s still transforming very fast.” He points to the country’s rapid expansion in areas like clean energy as evidence of this broader shift.

The episode also looks at AI-driven market volatility, with Markus emphasising that shifting sentiment may cause temporary tremors but that AI remains “a structurally positive story”.

Finally, Markus highlights the key releases he’s watching this week—from the FOMC Minutes to inflation data across major economies and the first February PMIs, offering early insight into global momentum.

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