Positive outlook for China equities: Credit Suisse

Published Mon, Nov 2, 2020 · 09:50 PM

Singapore

ANALYSTS at Credit Suisse remain bullish on China equities and expect to see more upside in the market amid good recovery growth from the containment of the coronavirus and easing of lockdown measures in the country.

In the past seven months, the nation's manufacturing PMI has stayed in expansion territory, with industrial output returning to normalcy - experiencing a 6.9 per cent year-on-year (y-o-y) growth in September. Additionally, the y-o-y growth rate of retail sales has also rebounded to positive territory for two consecutive months.

Retail sales of consumer goods in September registered a 3.3 per cent y-o-y growth, with commodity retail recording a 4.1 per cent gro…