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Forget U.S. Stocks; Start Adding Chinese Companies to Your Portfolio
Published on: 2019-04-30
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040Chinese equities are storming ahead, demonstrating handsome and lucrative returns for investors this year. In the first quarter of 2019, domestic Chinese stocks have outpaced every other national market in the world. The CSI 300 Index saw a rally of some 30%, which was its best since the end of 2014.

041China has been laying out plans and taking action to push the country back into solid form. The government is prepared to boost spending, increase foreign firms’ access to its markets, and cut billions of dollars in taxes. Over the last month, there appears to be a notable acknowledgement of a rebound in China’s economy. The manufacturing sector returned to growth, after slipping into contraction territory, according to official PMI reports.

043BlackRock recently wrote the following in its Q2 2019 Global Investment Outlook: “China is set to be a key turnaround story this year, we are increasingly confident that Chinese growth is likely to reaccelerate from the second quarter onward.”

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