With China on ‘Extended’ Path to Reopening, Emerging Market Equities Will Outperform Peers in Developed Economies, Record Double-digit Growth, Allspring Analyst Says (SCMP)

  • Double-digit upside is backed by better economic recovery and earnings growth into next year, portfolio manager [Allspring Global Investments] focusing on emerging market equities says.
  • China is in a position to easily introduce more supportive economic policies and its economic recovery into 2023 could still look rosy.
  • Emerging economies will hold up better than developed markets, whose central banks are lagging behind the curve when it comes to raising interest rates, Tse said. Emerging markets will benefit from their rich resources – for example oil in Gulf countries, and copper, lithium and aluminium in Latin America – in a commodity cycle. READ MORE

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