普徕仕2026年环球金融市场展望：新兴市场投资前景向好 中国市场仍存在具吸引力投资机会

Core Viewpoint - T. Rowe Price forecasts a positive outlook for emerging markets in 2026, influenced by a potentially dovish stance from the new Federal Reserve chair, which may lead to lower mid-term U.S. interest rates and a weaker dollar [1] Group 1: Economic Outlook - The economic growth environment in 2026 is expected to be more stable compared to 2025, supported by global fiscal and monetary policies, despite ongoing high inflation and a weak job market [1] - The dual support from monetary and fiscal measures in 2026 may provide much-needed support to struggling sectors, potentially driving broader economic growth [2] Group 2: Investment Opportunities - Emerging market stocks and Chinese stocks have demonstrated their ability to diversify risk in global investment portfolios in 2025, and their investment outlook remains positive for 2026 [2] - Emerging market corporate earnings are expected to improve, offering better prospects at attractive valuations, with many companies playing key roles in the AI infrastructure supply chain [2] - In the Chinese market, despite challenges in the real estate sector, there are still attractive investment opportunities due to improved policies supporting private enterprises and a shift towards experience-based consumption [2]