With China dismantling its strict covid restrictions and the economy clocking its fastest pace of growth in over a year. However, Chinese stocks Air China Limited (AIRYY), The9 Limited (NCTY), and ZW Data Action Technologies Inc. (CNET) have underperformed the broader S&P 500’s 3.3% gain over the past month.
On April 18, according to the data released by China’s National Bureau of Statistics, the country’s GDP grew by 4.5% in the first quarter of the fiscal year. Aided by the dismantling of its long-embraced zero-covid policy and the strict accompanying restrictions, this marked the highest growth since the first quarter of last year.
