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China will maintain its attraction to global investors, because of its further opened market and the fast upgrading of its digitalized business environment, said the leader of the Association of Chartered Certified Accountants, a global accounting body headquartered in London.
China will still build its 5G networks this year. The demand may be delayed by the virus, but it will not vanish, Fang of Cinda Securities explained.
China's National Equities Exchange and Quotations saw the debut of five new small- and medium-sized enterprises in the past week. [Photo/IC]
China's benchmark CSI 300 Index is expected to rise around 12 percent in 2021, Morgan Stanley predicts. Goldman forecasts a 13 percent gain in the index, while UBS expects an increase of about 10 percent.
China's capital intensity ratio was 1 percent in 2001, and as of 2016, it was 18 percent, marking an 18-fold growth. Now, with overcapacity, and excess inventory and capital, China should go global supported by capital accounts, facilitating outflows of the renminbi through overseas investment and export of capital. Meanwhile, China should bring back the renminbi by exporting industrial products. Then, a full circulation cycle of the yuan will be completed.
