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KEJI - China Outlook: Market Rescue Welcomed But More Needed
Global X China Disruption ETF
2024-02-03 00:40:00 ET
Summary
In response to the recent China equity market rout, policymakers vowed last week to stabilize the market through more forceful measures.
Despite a very positive initial market reaction (an 8% rebound in three days), deeper fundamental issues such as deflationary risks and lack of demand remain key concerns for China’s economy.
To turn the quick technical rebound into a sustained rally, more stimulus is needed.
By Seema Shah, Chief Global Strategist and Han Peng, CFA, Quantitative Strategist ...