Talk about a comeback. As China abandons policies that stifled economic growth for the past three years, investors have sent the country’s stocks soaring—up more than 50% since October. The rally might be just getting started, with money managers saying many stocks could keep climbing throughout this year.
The catalyst is clear: Policy makers in the world’s second-largest economy are pulling out the stops to revive the economy and get its 1.4 billion people spending more, after three hard years of stringent Covid restrictions and harsh crackdowns on technology and other industries. Beijing has completely reversed its zero-Covid policy and has begun loosening regulations on business. Up next: more stimulus to stabilize the residential property market.
Source: https://www.barrons.com/articles/china-reopening-economy-zero-covid-investing-51674774911?siteid=yhoof2&yptr=yahoo