Chinese stocks will struggle against persistent economic and market headwinds, and any recovery will be sluggish despite policy support from the government, UBS says

Quick Summary:

A "positive inflection point for the Chinese economy and markets is still some way off," says UBS.

And according to Bloomberg, six major state-owned commercial banks have pledged about $179 billion in financing support for property developers.

As for China's property sector, UBS said government support there appears "sufficient to limit the damage" rather than stoke faster growth.

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Article Details

Category: Economy

Markets: United StatesChinaHong Kong

Topics: Markets Equities MI Exclusive Hang Seng Shanghai Composite COVID Stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-28 @ 18:18:34 (2 months ago)

News Timezone: GMT -5:00

Ranking: #2219 (out of 4223 stories this day)

News Source URL: markets.businessinsider.com

Language: English

Article Length: 610 words

Reading Time: 4 minutes read

Sentences: 48 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © Business Insider

News ID: 2011215

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