top line

Global markets have recently benefited from positive news out of China, which is lifting coronavirus lockdown restrictions in Shanghai and reportedly easing regulatory crackdowns on its tech sector, leading some experts to up their exposure to Chinese stocks as they bet on an economic rebound.


With infections trending steadily down, China’s rollback of its two-month-long Covid-19 lockdown in Shanghai is providing a boost to global markets.

While China’s lockdowns had a “dramatic negative impact” on economic activity, analysts at Goldman Sachs expect a “strong rebound” in June and July, “consistent with the experience after other major lockdowns around the world.”

The country’s reopening is expected to ease global supply chain delays (amid reports that Shanghai’s port is almost back to full operating capacity), but experts warn that it will still be some time before economic activity bounces back fully.

Valuations in the Chinese stock market have now fallen to more attractive levels and there are “some signs” that investors are upping exposure to China again with plenty of long-term opportunities to be had, says Brendan Ahern, chief investment officer at China-focused ETF provider KraneShares.

Shares of Chinese e-commerce giants such as Alibaba,, Tencent and Pinduoduo have all seen improved performance (up 21%, 20%, 13% and 66%, respectively, in the last month), he points out, and should be primed to rebound further as they benefit from resilient consumer spending.

Ahern also highlights what he calls the “clean tech ecosystem”—wind, solar and electric-vehicle companies—which look primed for long-term growth, despite seeing somewhat of a growth stock correction this year; he has his eye on the likes of EV battery-manufacturer CATL and automaker BYD.