Where is China headed?

Xi Jinping’s 3. term, tech war with the US, real estate crisis, reoccurring Covid-19 outbreaks – a lot is moving China at the moment. What is the country’s outlook for 2023? We asked Daniel Zhou, Portfolio Manager at Mirae Asset Global Investments. He sees some degree of de-escalation between the US and China after a meeting between the leaders of both countries. When it comes to Xi’s 3. term, Zhou says, that the country leader now needs to deliver results. For instance, he sees the reopening of China’s economy after the strict Zero-Covid policy as the biggest stimulus coming up within the next 6-12 months.