Investors are betting that China’s planned infrastructure spending binge to boost its economy could mean the rally in construction and materials shares has further room to run.
Traders see more upside for construction and engineering as Beijing puts behind its once-feverish deleveraging campaign and pivots to supporting growth. This means a greater push to upgrade both old and new infrastructure, making the sector a rare bright spot in the economy amid weak private consumption fueled by Covid Zero policy and an uncertain outlook for exports.
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