TSLA
Tesla
-- 438.840 NVDA
NVIDIA
-- 134.236 AMD
Advanced Micro Devices
-- 121.262 MU
Micron Technology
-- 87.810 QUBT
Quantum Computing
-- 17.975 
China's Uneven Recovery: Citi Predicts Intense Policy Roll-out and Its Impact on the Stock Market
Investors should closely monitor these factors' influence on the Chinese stock market and companies.
$Citigroup (C.US)$ Citi Research reported that China's manufacturing PMI rose to 49.3 in July, slightly exceeding expectations, while the non-manufacturing PMI fell to 51.5, missing the target due to real estate weakness and economic reopening challenges.
The recovery in China is uneven, with a potential convergence in the early stages.![]()
Industrial momentum shows signs of bottoming out, but the real estate sector remains uncertain.![]()
Citi believes the recovery in real estate is only halfway through the short-term upcycle.
Despite these variations, Citi doesn't expect these developments to jeopardize the government's pro-growth policies. 3Q23 intense policy implementation is anticipated, including RRR and policy rate cuts, treasury bond issuance, and real estate easing measures. The effectiveness of these efforts may impact economic data from 3Q23 to 4Q23. Investors should closely monitor these factors' influence on the Chinese stock market and companies.
$iShares MSCI China ETF (MCHI.US)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $CSOP Hang Seng TECH Index ETF (03033.HK)$ $Hang Seng TECH Index (800700.HK)$ $HKEX (00388.HK)$ $CNH/CNY (CNHCNY.FX)$ $COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $COUNTRY GARDEN HLD (Delisted) (CTRYY.US)$ $EVERGRANDE (03333.HK)$ $LONGFOR GROUP (00960.HK)$ $SMIC (00981.HK)$ $SENSETIME-W (00020.HK)$ $Tencent (TCEHY.US)$ $TENCENT (00700.HK)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $BIDU-SW (09888.HK)$ $Baidu (BIDU.US)$ $China Concept Stocks (LIST2517.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
whqqq : BABA UP UP![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
whqqq : Next week's earnings report looks promising.
73407951 : The annual revenue of the US government fell in 2023, so the amount of new bonds issued in deficit increased by 190 million in 2023, and the US government was under great pressure to raise leverage