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Yuan assets gain traction amid shifting global landscapes

2026-04-27 09:30   环球时报网英文版

  "Given that first-quarter GDP growth has come in stronger than expected, it has also created favorable conditions for achieving the full-year GDP growth target," Ding from Standard Chartered said. China"s major economic indicators also are in line with or exceeding expectation in the first three months, Ding said.

  The industrial sector saw remarkable improvement. The producer price index (PPI) rose 0.5 percent year-on-year in March, ending a 41-month decline, according to official data.

  Consumption and investment also showed positive momentum. In the first quarter, retail sales of consumer goods approached 13 trillion yuan, rising 2.4 percent year-on-year, 0.7 percentage points faster than the previous quarter. Fixed-asset investment increased by 1.7 percent year-on-year.

  Zhao Qingming, a Beijing-based veteran financial expert, told the Global Times on Sunday that the upgrading of Chinese assets from "optional" to "must-have" is an inevitable result of the inherent resilience of China"s economy.

  He noted that given China"s important position in the global economy, trade, and financial markets, yuan assets have long been an indispensable core category for global institutional investors, sovereign funds, and cross-border capital.

  After a period of under-allocation, foreign capital is now systematically increasing its holdings of Chinese assets, with ample room for further growth as current allocation levels remain far below reasonable benchmarks.

  Against the backdrop of escalating geopolitical conflicts and energy price fluctuations, China"s diversified energy layout, complete industrial system, and strong manufacturing capacity have made its economy more stable and resilient, with limited impact from external shocks, turning it into an important safe-haven and value-added destination for global capital, Zhao noted.

  Surging foreign inflows

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