Chinese Stocks Are Really Attractive, UBS Global Wealth Management Says

Kelvin Tay, regional chief investment officer of UBS Global Wealth Management, discusses the outlook for China's economy, the government's policies and the stock markets. Alibaba Group Holding Ltd. ramped up its share buyback program to $25 billion, expanding that arsenal for a second time in less than a year to stanch a $470 billion loss of value during Beijing's internet crackdown. Tay also talks about the opportunities he sees commodities, and the market implications of Federal Reserve policy. He speaks on "Bloomberg Daybreak: Asia."