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- Regulatory risks are unlikely to stop China’s tech companies from growing in 2021 - Credit Suisse
Regulatory risks are unlikely to stop China’s tech companies from growing in 2021 - Credit Suisse
CNBC reports that according to Credit Suisse, China’s equity and bond markets are set to give investors progressively greater opportunities in 2021.
Chinese markets offer “high rates of growth at still attractive valuations,” the Credit Suisse said in its 2021 outlook report. The world’s second-largest economy is predicted to be one of the few countries to register a positive GDP figure this year after bringing the coronavirus outbreak relatively under control.
Credit Suisse predicted China will record 2.2% growth for 2020, followed by a sharp jump to 7.1% in 2021.
One of the main growth areas in China’s markets is the technology sector, according to Ray Farris, chief investment officer for South Asia at Credit Suisse. China is “one of the few economies that has a credible and rapidly growing tech sector,” Farris said.
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