China's Economic Outlook Brightens After Multi-Year Slump, Stocks Poised for Gains If Support Policies Continue
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Valuations in China are low after 3 years of declines, presenting opportunities for stock pickers as growth is projected to rebound 14% in 2024.
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Government stimulus and support measures since mid-2023 could continue stabilizing growth. Policy focused on incomes and targeted distribution.
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Some encouraging signs like 4.9% 2023 Q3 GDP growth, rising retail sales, and consumer price deflation.
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Outlook depends significantly on fiscal support policies. Consumer sectors could benefit if housing support continues.
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Opportunities in tech/AI seem likely to grow regardless of broader economy, given national technological goals.