A-shares set to lift from new drivers
AN emerging “new economy” powered by consumption and services is set to lift China’s A-share market in the second half of the year from recent turmoil, said Robeco, an investment management company.
Uncertainty over a possible full-blown Sino-US trade war and a tit-for-tat dispute between the world’s two biggest economies have lingered over China’s share market.
Consumption and services are likely to play a bigger role in China’s emerging “new economy” which will help the A-share market recover in the second six months of the year, Robeco said.
China has been implementing more effective policies, promoting industry consolidation via supply-side reform, restructuring state-owned enterprises, internationalizing the yuan further and contributing to the recovery of the global economy, the US company said.
Shifting the economy from high speed growth dependent on infrastructure spending to a high quality model will draw investment related to the new economy such as consumption upgrade, technology and innovation as well as structural reform, Robeco predicted.
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