China's stock market shows slow growth, frustrating investors, potential for value investing uncertain.

From Investing.com: 2024-07-16 02:47:38

Global investors in China’s stock market are reminded of the slow recovery awaiting them, with second-quarter growth numbers pointing to a struggling economy, particularly in property and consumer sentiment. Chinese stocks are up only 1% this year, frustrating investors like Phillip Wool of Rayliant Global Advisors, who sees potential in value investing but uncertain timing for gains. The CSI300 Index has plateaued in recent months, with the Shanghai Index also dropping from its May high. Previous support measures from Beijing did little to sustain a rally as economic uncertainties and geopolitical tensions persist. Despite low valuations and strong fundamentals in Chinese stocks, investors remain cautious, with underwhelming foreign flows indicating a wait-and-see approach for a definitive recovery. Contrarians like Wool are accustomed to the stress of navigating China’s market ups and downs.



Read more at Investing.com: For global investors, China is a slow-burning trade By Reuters