We expect a big rebound in Chinese equity prices in the second half of 2010 as fears about policy tightening wane and the economy heads to a soft landing. However, rising prices will not give much of a boost to spending in China. Markets elsewhere may benefit from rising optimism, but limited foreign involvement in Chinese markets means the direct spillover to global markets will be small.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.