From South China Morning Post: 2024-05-16 04:30:19

The MSCI China Index has risen 28% since January 22, outperforming global equities. The Anything But China trade has reversed in the past three months, with Chinese stocks recovering one-third of lost market value. Concerns exist over mixed data, lower earnings, and technical factors driving the rally.

Real estate investment in China fell by 9.5% in the first quarter, while corporate earnings showed a downward trend. Despite concerns, economic data since February has exceeded expectations, easing fears of a further downturn. Beijing’s policies to support the economy and capital markets have improved sentiment towards Chinese equities.



Read more at South China Morning Post: Opinion | Why rally in Chinese stocks is hardier than doubters think