Global fund and stock market review – Chinese recovery continues to stall

hl.co.uk:

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

Archived article Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.

We take a closer look at China’s recovery story and give an update on the current US inflation picture as it nears the Federal Reserve’s (Fed) 2% target.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

25 July 2023

Loosening of COVID-19 restrictions in China at the start of the year led to expectations that the economy would return to the strong growth investors had been used to. The re-opening was popular among investors as they put money back into Chinese and emerging markets in near record numbers.

However, it hasn’t been the kick-start that many were expecting. Despite growth in the second quarter being above expectations, it was just a 0.8% increase. This is well below growth in the first three months of the year and even lower than pre-pandemic levels.

This article isn’t personal advice. If you're not sure if an investment is right for you, ask for financial advice.

There are a few reasons why growth has stalled in the world’s second largest