Top China Strategist Sees Stocks in Limbo as GDP Growth Slows to 2%

Don’t get too excited about prospects for a rebound in Chinese stocks. That’s the advice of an influential market strategist who says the nation’s equities will continue to struggle as economic growth slows and Beijing’s relationship with Washington worsens.

Hao Hong, who was ranked the No. 1 China strategist by Asiamoney in 2017 and 2018, said it would be very optimistic to expect China’s economy to grow even at an annual rate of 2% over the next 10 years as the once-hot property sector cools off. The ongoing political tension with the US, especially the threatened delisting of Chinese stocks from US exchanges, is another overwhelming force that will pressure equities both on the mainland and in Hong Kong, he added.