3 areas to cheer about -
Chinese stocks are poised for a turnaround in 2023, sectors that are immediate beneficiaries of China's economic reopening include retail, travel and hospitality.
They began unwinding its stringent pandemic restrictions last month, first doing away with mandatory testing and lockdowns before announcing that it would scrap quarantine requirements for overseas arrivals.
3 areas to cheer about:
1. The first is attractive valuations, which has been the case since last year.
2. U.S. & China relationship - some degree of rationality in relation to the understanding of the balance between strategic competition and collaboration.
3. “On catalysts, we are now seeing a full-fledged reopening of the economy, as well as the government's proactive support measures for its property sector.
However, global inflation is still a threat. It is projected the U.S. interest rate may rise to 6.5% by the end of the year, why?
$HSI(HSI)$ $China A50 Index - main 2301(CNmain)$
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