Engine of global growth: Go full steam ahead for onshore-listed Chinese stocks
Deep Dive into Chinese equities
Kathrine Husvaeg of Russell Investments
Kathrine Husvaeg
The Chinese market posted stellar returns in 2020, having held up well relative to other equity markets globally in the sell-off as the Covid-19 virus developed into a global pandemic.
Being the first country to face the virus outbreak, a strict lockdown within China at the start of the pandemic allowed it to be at the forefront in reopening its economy, being one of few countries to post positive GDP growth in 2020.
Subsequent GDP growth numbers for Q1 2021 show an 18.3% increase when compared with the same quarter last year, putting it well on track to return to normal levels of economic activity this year.