China is ahead of the rest of the world in its financial recovery. But, what, if anything, can we learn from China’s recovery path to date? How is China’s recovery going to impact the wider global economies? We have assembled a panel of experts to help us better understand what is happening and what are the most important trends to watch in China, the U.S. and beyond. Expect to come away with more clarity around overall global market recovery, the pace of return to a ‘new normal’, what sectors will bounce back faster than others and risks to keep an eye on.
Market Insights: Searching for an anchor: Market sentiment towards China
Among the shifts evident in EPFR’s data coming into the third quarter was a recovery in sentiment towards, and flows into, China-mandated Equity and Bond Funds. Some of this money arrived in anticipation of more aggressive policy support for China’s economy in the wake of the Chinese Communist Party’s 3rd Plenum in mid-July. But that meeting largely affirmed the government’s current policies, and many key data points from domestic house prices to foreign direct investment in China remain at odds with the broad recovery that markets are hoping for.