Chinese investors are bullish on global equities this year, and see the world economic slowdown as a bigger worry than the trade war, according to survey results by J.P. Morgan Asset Management.
Investors in China expect global stock markets to go up this year, and are more worried about slowing world growth than they are about the trade war, according to a survey by J.P. Morgan Asset Management released Wednesday.
In China, Shanghai stocks jumped 23.9 percent in the first three months of this year, while the index in Shenzhen rose even more — up a robust 33.7 percent. The CSI 300, which includes top stocks on both exchanges, also spiked by 28.6 percent. Despite 86.2 percent saying they expect a global recession sometime in the next 1-3 years, more than half still expect to be overweight in stocks in the coming 6-12 months, the firm said in a release.
Behind that, he said, are"positives" including the Fed pause, optimistic signs around the U.S.-China talks and a"dovish bias" from the People's Bank of China toward supporting the world's second-largest economy.
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