Three Stocks to Play a Bounce in Mainland China
China’s economy may be firing on all cylinders again, but you wouldn’t know it from looking at the local stock market.
New data show that the world’s second-biggest economy grew by 6.9% in the latest quarter and is on track for its first rise in annual growth since 2010. Meanwhile, China’s currency has firmed in 2017 after a wobbly 2016. Figures on real estate and factory prices are equally ebullient.
Mainland share markets don’t seem to be paying attention. Stocks listed in the southern commercial hub of Shenzhen, already among the world’s worst-performing market, recently fell 5% in a single day. To the north, the benchmark Shanghai Composite is up 4% in 2017, versus 12% for the MSCI World Index.
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