China Outlook_ Rising animal spirits
2025-02-25 02:06
FICC Research Economics 21 February 2025 China Outlook Rising animal spirits China's H shares outperformed amid the AI breakthrough. CNY stabilised with "Mar-a-Lago Accord" talk gaining momentum. President Xi's symposium with entrepreneurs sent supportive signals. We think key things to watch for the NPC include the growth and inflation target, and fiscal package. Equity re-rating; CNY stabilises The DeepSeek breakthrough has led to a valuation re-rating in China's H share market. At the time of writing on ...