Global investors are riding the wave of optimism as China rolls out ambitious economic policies, sparking a surge in stock market confidence. From Tokyo to New York, hedge funds and asset managers are placing big bets on the Chinese mainland’s economic glow-up 🌟—and the numbers don’t lie.
📊 U.S.-based Mount Lucas Management and Singapore’s GAO Capital are among those boosting stakes in Chinese equities, according to Bloomberg. Even during China’s recent National Day holiday break, Japan’s Chinese-linked ETFs hit record highs, showing faith in Beijing’s stimulus playbook.
\"China’s moves are like a tidal wave lifting all emerging markets,\" said Will McGough of Prime Capital Financial.
Goldman Sachs upgraded Chinese stocks to \"overweight\" after September’s CPC Central Committee meeting outlined growth-focused measures. The rally has already boosted indexes, luxury stocks in Europe, and commodity prices worldwide. But analysts say the real test is whether momentum can last through 2024.
Beijing isn’t slowing down: This week, officials announced plans to front-load **$14 billion** in 2024 projects to turbocharge local economies now. Think tanks predict this could help China hit its 5% GDP growth target—a win for markets and midnight-oil-burning entrepreneurs alike 💡.
