The long-term outperformance of Chinese equities remains a likely prospect, however investors are split on how heavily short-term factors cloud the picture.
Although global markets have enjoyed a recent stock rally over the past two months, the wider industry remains cautious on this outlook as inflation forecasts continue to spiral and interest rates are hiked by record amounts. China looked set to buck the trend, according to Becky Qin, multi-asset portfolio manager at Fidelity International, but several factors have dampened her optimism for the nation's recovery from severe lockdowns, which hurt the economy when compared to Western countries' approach to Covid. "Earnings forecasts were revised down as activity ground to a near halt in...
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