China was the first major economy to experience a large number of COVID-19 infections, but it has also been the first major economy to largely re-open, with the pandemic more or less under control. In this new CIO Special we identify China’s economic recovery and the investment opportunities post COVID-19.

 

In addition, we look at:

  • Following the National People’s Congress, we expect more fiscal and monetary measures to support domestic growth, particularly in infrastructure investment and household consumption areas.
  • China‘s relatively fast recovery could add to its investor appeal in coming quarters. We remain broadly constructive on Chinese equities and Chinese credit, but a flexible and proactive approach will be necessary.
  • The key market risk is the development of U.S.-China relations in the run up the U.S. presidential elections later this year. The focus of these tensions may change, broadening out from merchandise trade and into other areas.
 
To download a PDF of the full report, please click here.


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