The global flight from Chinese stocks during the rout earlier this year has reversed, underlining the rapid shift in sentiment as investors bet Beijing can engineer a recovery for the world’s second-largest economy.
The Chinese stock market has staged a rebound in recent weeks as authorities step up their efforts to boost an economy blighted by repeated coronavirus lockdowns and shaken by the crackdown on the country’s tech sector.
The benchmark CSI 300 Index of companies listed on the mainland has climbed 13 per cent since its low for the year in early May, buoyed by measures to support the economy, including a record cut to the country’s mortgage rate late last month.
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