Replay: China Q3 Review: Lines in the Sand & Policy Support
Thursday, November 2 2023 10:00 am - 11:00 am EDT
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September economic data in China came in stronger than analysts' expectations. GDP expanded by 4.9% year-over-year versus expectations of 4.5%, and retail sales grew by 5.5% over the same period versus expectations of 4.9%, with online retail sales being particularly strong, growing by 11.6%.1 So far, improving macro data has not translated into stock market performance. The housing market, strong U.S. dollar, and geopolitical uncertainty continue to weigh on investor sentiment.
The disparity between the improving economic reality in China and equity performance has left investors asking: When will fundamental improvements finally translate into stock market gains?
Now, China’s government seeks to breathe new life into its signature $1 trillion investment pact, which has the potential to turn headwinds into tailwinds and revitalize the world's second-largest economy.
Join KraneShares CIO Brendan Ahern and Head of International Dr. Xiaolin Chen as they discuss Chinese equity performance for the quarter, high valuations in US equities, the impact of US-China diplomatic efforts, and the economic recovery currently underway in China.
- Why strong fundamentals point to China’s resiliency
- How China’s government is addressing housing market concerns and post-COVID headwinds
- The impact of increased diplomatic communications between U.S. and Chinese officials
- The potential for a near-term economic rebound in China driven by consumption, monetary easing, and fiscal support
- Comprehensive Q&A
1 CFP/CIMA Credit Available
1. Data from Bloomberg as of 10/31/2023.
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The webinar contains the speakers’ opinions. It should not be regarded as investment advice or recommendation of specific securities.
Holdings are subject to change. Securities mentioned do not make up the entire portfolio and, in the aggregate, may represent a small percentage of the funds.