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Looking at short-term fluctuations rationally, the capital market is widely favored——
International investors have full confidence in the stabilization of China’s economy

China’s latest first-quarter economic data has aroused global investors’ attention to China’s economic trends。International investors generally believe that，Under the circumstances of China’s strong domestic epidemic prevention and control and overseas epidemics impacting external demand，China’s economic growth in the first quarter was in line with expectations；Looking forward to future development，All parties not only have confidence in the stabilization and recovery of China’s economy，Also believes that China’s capital market is gaining favor from global capital。

-6.Although the 8% growth rate has attracted attention from all parties，But not unexpected。DBS believes，Considering that the Chinese government has taken strong measures to respond to the epidemic，The suspension of economic activities will inevitably lead to economic contraction。Rob Mumford, investment manager at Global Asset Management, said，China promotes orderly resumption of work and production and gradually restores supply capacity，However, the spread of the epidemic in other countries has caused sluggish external demand，The decline seabet clubin first quarter data is expected。

In fact，International investors will focus more attention on the subsequent performance of China’s economy。Comparing the first quarter and other quarterly expectations for the whole year shows，Investors are quite confident in the subsequent growth of China’s economy。

Mumford said，China’s future economic growth depends on two major factors: progress in epidemic prevention and control at home and abroad and relevant policy support。Currently，These factors show signs of benefiting China。At the level of epidemic prevention and control，More and more countries are beginning to adopt correct prevention and control methods and measures，There is a high probability that the epidemic will be effectively controlled in the short term。In terms of policy，The Chinese government has adopted a series of fiscal policies and monetary policies to stabilize employment，At the same time, maintain a balance between promoting economic structural adjustment and maintaining stable overall growth。

Citi Wealth Management believes，The impact of the epidemic on China’s economy may be concentrated in the first quarter，Investment、Although retail sales have declined sharply，But the worst is over。ANZ also thinks so，As the resumption of work and production accelerates，And the further release of previously suppressed consumption，It is expected to push China’s annual economic growth from negative to positive。Relevant person from Standard Chartered Bank thinks，March data has shown a significant improvement in China’s economic activity，Industrial output decline narrows、Service industry recovers seabet app downloadfurther，The growth rate is expected to increase steadily in the next three quarters。

At the same time，Compare the economic growth expectations of different countries，better reflects the resilience of China’s macro economy。Mumford said，In International Monetary Fund (IMF) projections，Major developed economies will experience an economic contraction of about 6% in 2020，China can still maintain positive growth on a certain scale；The IMF expects global economic recovery and growth in 2021，China 9.The expected growth rate of 2% is also more than twice that of major developed economies。

Investors’ recognition of China’s macroeconomic resilience，To a large extent, it comes from the recognition of the Chinese government’s policy tools and macro management capabilities。BVB research report shows，In response to the global economic recession，The Chinese government will adopt corresponding fiscal and monetary policies to maintain economic growth，And avoid financial risks。Thankfully，The Chinese government has sufficient fiscal policy and monetary policy tools。

What deserves attention，Based on the growth dividend of China’s economy compared with other developed economies、The Chinese government’s ability to cope with negative impacts of the economic cycle，Mumford believes that Chinese assets are being favored by more and more global investors。

In fact，China’s stock market has become a stabilizing force for emerging markets in the first quarter。John Welling, deputy director of stock indexes at S&P Dow Jones Indices, said recently，In the recent market environment，China’s stock market is less volatile than other seabet live casinoemerging markets，Minimum exchange rate fluctuation，Less affected by falling oil prices。Represented by Robeco Overseas Investment Fund Management Company，Compared with traditional service industry enterprises，Technology companies are less affected by the epidemic，And the Chinese government will continue to invest in technology-driven industries，Therefore, investors are particularly optimistic about Chinese technology companies。

In the bond market，Bloomberg recently published an article saying，With the epidemic impacting the capital market，Chinese bonds attract global capital。Bloomberg thinks，Although China’s ten-year government bond yield continues to fall，However, the spread between similar bonds between China and the United States has widened to a 15-year high。Meanwhile，China’s sovereign debt risk has remained relatively stable，Lower than the level of South and Southeast Asian countries。These will enhance the attractiveness of RMB-denominated sovereign bonds to overseas investors。

Source: Economic Daily