Invesco: The recovery of China-US trade and the better-than-expected GDP in the second quarter support the strength of the Chinese stock market, with continued upward momentum in the future

Invesco Asia-Pacific Global Market Strategist Zhao Yaoting pointed out that the Chinese stock market strengthened due to the warming of China-U.S. trade and the better-than-expected GDP in the second quarter, with the Shanghai Composite Index breaking through 3,600 points, reaching a new three-and-a-half-year high. It is expected that more stimulus measures will be introduced in the second half of the year, and a comprehensive trade agreement between China and the U.S. is likely to be reached, further driving the market upward. Artificial intelligence and new consumption are the market highlights, with the government supporting consumption transformation through subsidies and other measures. Although the expiration of tariffs on August 12 may trigger volatility, China-U.S. relations are tending to ease