
China’s Economic Data Missed Broad Expectations amid Wobbled Recovery
China’s economic outlook also affected the stocks of some of the top companies in the country.
China’s economic outlook also affected the stocks of some of the top companies in the country.
The robust reports on Chinese tech stocks came in the midst of the strict Covid policy in China that has been choking the nation’s economy.
European markets opened 1.3% lower at the beginning of the week as investors continue to monitor developments around the war in Ukraine.
After the announcement of the Q4 performance, the Hang Seng Tech index rebounded from losses, gaining 3.05%.
The fourth quarter and full-year growth record of the Chinese economy was the buy signal for many investors.
It is expected that in the next 2 years U.S. exports to China will almost double as the “phase one” of the U.S.-China trade deal is “totally done”.