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Companies in defensive sectors such as health, medical innovation and exporters in the electric vehicles supply chain and advanced manufacturing, as well as multinationals such as e-commerce firm PDD Holdings, will top the list.
Chinese Ambassador to Sierra Leone Wang Qing Attends the 2023 Ambassador Scholarship Award Ceremony
China's manufacturing activities eased in November as the sector has entered a traditionally lackluster season. Weak market demand, a major factor restraining the momentum of an economic recovery, continued to bite, analysts said. But with stimulus measures gradually taking effect, the manufacturing sector is expected to improve.
National Development and Reform Commission (NDRC), China's top economic planner, vowed on Thursday that the country will continue its efforts to restore consumer confidence and expand consumption, while accelerating the construction of key projects supported by a special 1 trillion yuan treasury bond ($139.3 billion) issuance, as the world's second-largest economy goes all out to stabilize and boost growth.
China is expected to achieve its annual GDP growth target of about 5 percent this year, based on the expansion of 5.2 percent in the first three quarters, Pan Gongsheng, governor of the People's Bank of China (PBC), the central bank, said at the Financial Street Forum annual conference held in Beijing on Wednesday.