China Stocks' Rally Does Have Legs, Dalton Investment's Lai Says

The video discusses the recovery of the MCI China market post-2018, highlighting the role of policy support and tax cuts. It compares the performance of Chinese stocks to US stocks, noting the recent catch-up of the CSI 300. The importance of stock picking in the Chinese market is emphasized, focusing on high-quality entrepreneurs and emerging compounders. The video also analyzes valuations and market trends in Shanghai, suggesting potential profit-taking. Finally, it explores investment opportunities in sectors like consumer goods, exporters, and digitalization, with a focus on Bestway Global.

What characteristics define a 'stock pickers market' as mentioned in the text?

Which sectors are highlighted as having potential for growth in the current market?