Caixin
Jul 25, 2023 01:57 PM
OPINION

Fisher: Look Around You, the World’s Rally Will Lift Chinese Stocks

So much of the world is growing and in a nascent bull market, and China, as the world’s second-largest economy and an international trade powerhouse, will participate. Photo: VCG
So much of the world is growing and in a nascent bull market, and China, as the world’s second-largest economy and an international trade powerhouse, will participate. Photo: VCG

What now? With China’s markets mired in a seemingly endless rut after the October-to-January rally petered out, pessimism is running wild. Western pundits claim the fading reopening bounce, slowing economic data and even falling factory-gate prices to argue that a deflationary contraction looms — driving the next leg lower for Chinese stocks as unique pressures cause your markets to dive. What they miss: An economy and market as large as China’s can’t really diverge from the world for long. Look abroad and you see modest growth and a bull market that should help Chinese stocks soon. Let us take a quick world economic and market tour — and show you statistically why this should help China’s stocks.

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