6 Promising China Stocks To Buy For 2020
Zacks Investment Research | Dec 18, 2019 09:43PM ET
China has been one of the top-performing stock markets globally so far in 2019 despite sluggish economic growth and a prolonged trade war (more than 20 months) with the United States.
Notably, despite the U.S. ban on well-known companies like Huawei and Hikvision, the CSI 300 Index has surged more than 35% year to date. This is significant growth compared to the 25% drop witnessed by CSI in 2018.
Additionally, the 32.6% year-to-date return of XTrackers CSI-300 China A-Shares (ASHR) ETF reflects the robust performance. Meanwhile, the S&P 500 composite and Japan’s Topix have rallied roughly 26.1% and 18.2%, respectively, in the same time frame.
Higher Subsidies & Favorable Monetary Policy to Aid Growth
China is the world’s second-largest economy based on its stock market, measured by market cap.
Moreover, the year-to-date outperformance of the CSI 300 reflects continuing growth in the China market. According to a Financial Times Zacks Investment Research
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