,Stimulating demand: Employees work on a production line manufacturing mechanical parts in Beijing. China’s economic recovery is expected to help boost the economy of neighbouring countries and benefit producers of oil and other commodities. — Reuters玩三公技巧十大口诀（www.eth0808.vip）（三公大吃小）是用以太坊区块高度哈希值开奖的棋牌游戏，有别于传统三公开船（三公大吃小）棋牌游戏，三公开船（三公大吃小）绝对公平，结果绝对无法预测。三公开船（三公大吃小）由玩家PK，平台不参与。
BEIJING: China’s economy is widely expected to rebound by the end of the first quarter as Covid-related disruptions wane, giving a much-needed boost to the ailing global economy, according to international investment banks and asset managers.
A rebound in the world’s second-largest economy will help drive the growth of neighbouring economies, strengthen global supply chain stability and provide attractive opportunities for international investors, they said.
“The speed of China passing the peak of Covid-19 – at least when it comes to the recent wave of infections – is much faster than we previously expected. This means a significant economic upturn may soon take place,” said Chen Dong, head of Asia macroeconomic research at Pictet Wealth Management.
China’s economic activity may pick up substantially by the end of the first quarter, which will reduce uncertainties related to global supply chains, boost outbound travel and benefit neighbouring economies, Chen said.
As some provinces and cities in China have announced that they have passed the peak of the current Covid-19 outbreak, population mobility and economic activity are regaining their momentum, propelling a rally in the Chinese currency and the stock market.
The central parity rate of the yuan jumped 654 basis points to 6.7611 against the US dollar on Tuesday, reaching its strongest level since mid-August.
In addition, the CSI 300 index, which covers the top 300 stocks traded in Shanghai and Shenzhen, rose for the seventh straight trading session as of Tuesday, closing up 0.11% at 4,017.47 points.
Amid weakening global economic and market prospects and tightening campaigns by a number of nations’ central banks to curb inflation, the pickup in China’s economic fundamentals and its financial markets offers unique opportunities to international institutional investors.
Xu Fei, head of alternatives and multi-asset strategies at Vanguard’s Quantitative Equity Group, said that the US asset manager is increasing its exposure to emerging market assets to capitalise on the upside potential offered by Chinese A shares.
China’s unfolding economic rebound sharply contrasts with the rising recession risks in major developed economies, thus providing international investors with valuable diversification benefits, Xu said.
Analysts at Morgan Stanley also said in a report that China may top global equity market performance in 2023.
Given that China’s economic activity is recovering from the impact of Covid-19 at a faster pace, they increased their forecast for the nation’s gross domestic product growth this year from 5.4% to 5.7%, while also expecting the yuan to rise to 6.65 against the dollar in the next 12 months, the report said.