BABAF - KWEB And Chinese Stocks: Beijing Strikes The Bears With A Decisive Blow
Summary
- China delivers more punches to the bears as it decisively downgraded the threat level for managing COVID.
- As such, it could move China closer to a full reopening as it reintegrates with the world.
- China needs to chart a robust economic recovery in 2023 as Xi Jinping refocuses on growth.
- As such, we assessed that China's tech and internet stocks could continue their recovery, given their critical role in China's economy.
- Fund managers turned from highly pessimistic to highly optimistic. The pessimistic ones likely sold and missed the gains from the October lows.
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KWEB And Chinese Stocks: Beijing Strikes The Bears With A Decisive Blow