SINGAPORE (July 17): Chinese equities, which have outperformed the US and European markets year to date, remains favoured by UBS Asset Management, with some showing clear signs that China’s economy is recovering from the Covid–19 lockdowns. Coupled with the strong capacity to stimulate the support of the economy, investors can also take comfort that they can stay vested in China, the world’s second-largest economy.

“The Covid–19 crisis has been a very good test of the standalone China thesis,” says Geoffrey Wong, head of emerging markets and Asia– Pacific equities at UBS Asset Management (UBS–AM). “Though not yet back to pre–Covid–19 levels, industrial activity has recovered to a large degree,” he adds.

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