Bullish sentiment: Xi applauds at the Great Hall of the People in Beijing. His ambitious goal comes as Donald Trump’s chaotic rollout of tariffs has raised the odds of a US recession and sent American megacaps into a tailspin. — AP
BEIJING: President Xi Jinping’s push for economic expansion and technology innovation is feeding optimism that Chinese stocks will continue this year’s advance and widen their lead over churning US equities.
Franklin Templeton Institute sees the emergence of a “Xi put” – akin to the so-called “Federal Reserve put” – a view that authorities will deploy market-friendly measures and more stimulus to achieve the about 5% economic growth target set this month.
