Reported 1 day ago
According to Jeff deGraaf, CEO of Renaissance Macro Research, Chinese stocks are predicted to rise by over 50% from current levels, potentially reaching a benchmark index of 6,000. This optimism is fueled by favorable conditions such as skepticism, valuation, stimulus, and momentum from the Chinese government, which has recently implemented monetary stimulus measures. Investors are actively buying the dip, reflecting confidence in the prospects of China's stock market amid expected further fiscal stimulus and ongoing recovery from previous lows.
Source: YAHOO