18 January 2023
Market View: China’s GDP up 3% in 2022, China’s reopening, Lunar New Year Migration, Authorities’ buying of “golden shares” in tech giants, Property investment data, China’s population decline for the first time in over 60 years
The Chinese economy and market is at the front and centre of our discussion today, after the country announced its GDP figures earlier in the week.
If you recall, Gross Domestic Product was up 3% last year. While the figure beat an earlier Bloomberg forecast of 2.7%, it was far lower than the 8.4% in 2021 and below the official 5% target.
But with China reopening its doors to international tourists and dialling back its strict zero-COVID strategy, to what extent can the country stage a strong recovery given the frailing property market?
Meanwhile, the Chinese government has reportedly been taking up “golden shares” in units of Alibaba Group and Tencent Holdings, how would that affect the closely watched tech sector?
On Market View, Prime Time's finance presenter Chua Tian Tian posed these questions to Nicholas Yeo, Head of China Equities, at abrdn.

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