SHANGHAI : Strong resilience and sound fundamentals of the Chinese economy have provided a solid foundation for stable and healthy developments of financial markets, a state-owned newspaper said on Thursday, which could improve domestic market sentiment.
Chinese shares were not an exception. The blue-chip CSI300 index closed Wednesday at the lowest level since June 2020 and has lost nearly 8per cent this month. [.SS] "We have full confidence in the Chinese economy," the paper reported, citing multiple officials from domestic listed companies. Some 30 companies including the liquor maker giant Kweichow Moutai this week reported their earnings in the first two months of this year, a rare move meant to restore market confidence.
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