Chinese stocks have fared better than their U.S. counterparts for much of this year, and more gains are likely as the country’s economic rebound gathers steam
China’s fast recovery from the coronavirus pandemic helped power a large stock-market rally this past summer. More gains are likely as the country’s economic rebound gathers steam.in less than two weeks. The benchmark has given up some of those gains and is up 5.5% in the year to date.
Chinese stocks have fared better than their U.S. counterparts for much of this year. The new coronavirus first in late 2019, and Chinese authorities later imposed lockdowns, travel restrictions and quarantine measures across the country to prevent the respiratory disease known as Covid-19 from spreading widely within its borders., and companies including industrial manufacturers and retailers have experienced a resurgence in global and domestic demand. The International Monetary Fund said it expects China’s real GDP to grow 1% for the full year, while global growth is projected to be negative 4.9%.
The CSI 300 index, which tracks the 300 largest stocks on mainland Chinese exchanges has gained 12% since the start of the year, versus a 3.6% increase in the S&P 500 stock index.
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