What's stalling China's stock market recovery, according to KraneShares' CIO

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With investors fleeing Chinese stocks over growth concerns, the case for fiscal intervention could be stronger than ever.

— each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country's stock market performance.KraneShares CSI China Internet ETF "That scar tissue, as well as a real estate crisis in China, has really weighed on the balance sheet of the household," he said.is emblematic of China's consumer pullback, according to Ahern.

"It's a bit of a crowded long, and I think it's paying for that at the moment," he said."The company's hypergrowth and that Ahern returned to the idea that a top-down economic recovery might be necessary to stimulate China's tech sector in particular. "I think you need to see policy amplification, and then you'll see investors come back into this space," he added.

 

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