Chinese stocks could see a "serious rally" with attractive valuations and policy support

From Google: 2024-09-29 04:34:45

Eurizon’s Chief Chinese economist Y Yang believes a “serious rally” in Chinese stocks is possible due to attractive valuations and policy support. The Shanghai Composite Index has risen 15% in 2021 despite regulatory concerns. Yang notes China’s GDP growth will outpace the US and Europe this year and forecasts a 7.2% expansion.

Chinese stocks have been volatile this year amid crackdowns on sectors like tech and education. However, Eurizon’s Y Yang remains optimistic about a “serious rally” due to attractive valuations and policy support. China’s GDP growth is expected to outpace the US and Europe in 2021, with a forecasted 7.2% expansion.

Eurizon’s Chief Economist Y Yang sees potential for a “serious rally” in Chinese stocks despite recent volatility. The Shanghai Composite Index has risen 15% in 2021, fueled by attractive valuations and policy support. China’s GDP is predicted to grow 7.2% this year, outperforming the US and Europe.

Y Yang, Chief Chinese Economist at Eurizon, predicts a possible “serious rally” in Chinese stocks supported by attractive valuations and policy measures. Despite volatility and regulatory crackdowns, the Shanghai Composite Index has surged 15% this year. China is expected to outpace the US and Europe with a forecasted 7.2% GDP growth.



Read more at Google: ‘Serious Rally’ in Chinese Stocks Possible, Says Eurizon’s Jen – Bloomberg