Krungthai Asset Management (KTAM) recommends investing in the Chinese stock and fund markets in the second half of this year, expecting the country's recovering exports and the government's accommodative monetary policy to help boost the economy.
Chavinda Hanratanakool, chief executive of KTAM, said investors should not overlook the Chinese capital market as there is a myriad of factors to support the country's economic growth in the second half, including recovering exports, the government's economic stimulus, low inflation and China's potential to become an important source of raw materials.
She said although the economy may still be affected by strict lockdown measures, the Chinese government has started providing compensation and tax incentives to support businesses affected by the lockdowns.
