Business

China’s big comeback has just begun. How to play it.


Talk about coming back. As China abandoned policies that have stifled economic growth for three years, its shares have unleashed an extraordinary rally—up more than 50% since October. This could be just the beginning. Money managers say many stocks could continue to appreciate throughout the year.

The catalyst is clear: Policymakers in the world’s second-largest economy are doing their best to revive the economy and get their 1.4 billion people to spend more, after three difficult year with the strict restrictions of the COVID-19 pandemic as well as harsh crackdowns on technology and other industries. Beijing has completely reversed its Covid-free policy and begun to relax business regulations. Next: more stimulus to stabilize the residential real estate market.

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