Global investor sentiment toward China's economic recovery has surged to its highest level in months, according to HSBC's latest survey, signaling growing optimism about Beijing's policy-driven growth strategy.
Survey Highlights New Momentum
The HSBC Emerging Markets Sentiment Survey, polling 126 investors overseeing $439 billion in assets, found 45% now view China's rebound as the top catalyst for emerging markets – a 16-point jump since December 2023. A quarter of respondents identified China as the developing economy most likely to deliver accelerated growth in the next year.
Policy Moves Fuel Optimism
Analysts attribute the shift to Beijing's recent stimulus measures, including doubling ultra-long special treasury bond issuance and a 30-point policy package targeting consumer spending. "Chinese officials' actions are resonating strongly with investors," said Murat Ulgen, HSBC's global head of emerging markets research.
Retail Growth Signals Strength
Early 2025 data shows retail sales climbed 4% year-on-year to 8.37 trillion yuan ($1.17 trillion), underscoring efforts to boost domestic consumption. The National Bureau of Statistics reports this aligns with China's strategy to anchor growth through consumer demand.
