While China is expected this week to report its worst annual growth since 1976, its emergence from zero-Covid and pledges to boost key sectors are raising hopes for a strong rebound in 2023. theSun theSundaily trading markets Asia China business
: SHARES mostly rose in Asia on Monday following another rally on Wall Street fuelled by optimism over the world economy as inflation slows and China reopens to the world.
Signs that the government was taking a lighter touch on the tech sector after a long-running crackdown were also lifting confidence and giving a big lift to market majors, including Alibaba and Tencent. Expectations the Fed will hike rates by just a quarter-point at its next meeting have pushed the greenback down against other major peers including the pound and euro.
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