Chinese stocks have experienced a remarkable resurgence, soaring for the ninth consecutive day, marking their most significant rally since 2015. The CSI 300 Index surged by as much as 6.5 per cent on Monday, driven by a wave of investor enthusiasm as they rushed to buy shares ahead of a week-long holiday as detailed in a report by Bloomberg. <o:p></o:p>

This index, which had plummeted over 45 per cent from its peak in 2021 to mid-September, has now rebounded by more than 20 per cent, positioning itself on the brink of a technical bull market. Last week's rally was the most substantial seen since 2008.<o:p></o:p>

The current market momentum can be attributed to a series of government stimulus measures aimed at revitalising the economy. Three of China's largest cities recently relaxed restrictions for homebuyers, while the central bank has lowered mortgage rates.

These actions are part of a broader stimulus package that includes interest rate cuts and increased liquidity support for the stock market.<o:p></o:p>

Despite previous rallies that have failed to sustain momentum, investors are optimistic that this time may be different. "The pace of the turnaround is clearly reflective of how oversold the market was," stated Charu Chanana, a global markets strategist at Saxo Markets. "There is a clear belief that this time is different when it comes to authorities' support for the markets."<o:p></o:p>

Brokerages have emerged as significant beneficiaries of this rally, with Citic Securities Co. reaching the daily upside limit of 10 per cent. Nearly all component stocks within the CSI 300 Index have shown positive gains, indicating widespread investor confidence.<o:p></o:p>

The excitement surrounding Chinese stocks has also begun to influence international markets. Hedge funds are shifting their strategies, selling off US technology stocks in favour of investments in mining and materials firms.

David Chao, a strategist at Invesco Asset Management, commented on the potential for sustained growth: "I think the euphoric surge we saw last week in China markets could turn into something more concrete and sustainable because there appears to be a complete policy shift that could finally address the cyclical headwinds of the past three years."<o:p></o:p>

As investors eagerly anticipate further developments in China's economic policies, many are hopeful that this rally signifies a new chapter for one of the world's most scrutinised markets. With increased government support and renewed investor confidence, Chinese stocks are poised for an exciting future as they continue their upward trajectory towards a bull market.<o:p></o:p>

<o:p>&nbsp;</o:p>

Chinese stocks have experienced a remarkable resurgence, soaring for the ninth consecutive day, marking their most significant rally since 2015. The CSI 300 Index surged by as much as 6.

Chinese stocks have experienced a remarkable resurgence, soaring for the ninth consecutive day, marking their most significant rally since 2015. The CSI 300 Index surged by as much as 6.5 per cent on Monday, driven by a wave of investor enthusiasm as they rushed to buy shares ahead of a week-long holiday as detailed in a report by Bloomberg. This index, which had plummeted over 45 per cent from its peak in 2021 to mid-September, has now rebounded by more than 20 per cent, positioning itself on the brink of a technical bull market. Last week's rally was the most substantial seen since 2008. The current market momentum can be attributed to a series of government stimulus measures aimed at revitalising the economy. Three of China's largest cities recently relaxed restrictions for homebuyers, while the central bank has lowered mortgage rates. These actions are part of a broader stimulus package that includes interest rate cuts and increased liquidity support for the stock market. Despite previous rallies that have failed to sustain momentum, investors are optimistic that this time may be different. "The pace of the turnaround is clearly reflective of how oversold the market was," stated Charu Chanana, a global markets strategist at Saxo Markets. "There is a clear belief that this time is different when it comes to authorities' support for the markets." Brokerages have emerged as significant beneficiaries of this rally, with Citic Securities Co. reaching the daily upside limit of 10 per cent. Nearly all component stocks within the CSI 300 Index have shown positive gains, indicating widespread investor confidence. The excitement surrounding Chinese stocks has also begun to influence international markets. Hedge funds are shifting their strategies, selling off US technology stocks in favour of investments in mining and materials firms. David Chao, a strategist at Invesco Asset Management, commented on the potential for sustained growth: "I think the euphoric surge we saw last week in China markets could turn into something more concrete and sustainable because there appears to be a complete policy shift that could finally address the cyclical headwinds of the past three years." As investors eagerly anticipate further developments in China's economic policies, many are hopeful that this rally signifies a new chapter for one of the world's most scrutinised markets. With increased government support and renewed investor confidence, Chinese stocks are poised for an exciting future as they continue their upward trajectory towards a bull market.

Chinese stocks soar most since 2015 as market heads for bull run

China's exports and imports declined&nbsp;at their steepest pace in the last 18 months till November, as slow global and domestic demand, production disruptions due to Covid-related restrictions and real estate slump piled pressure on the world's second-biggest economy.&nbsp;

Exports contracted 8.7 per cent&nbsp;in November from a year earlier, a sharper fall from a 0.3 per cent&nbsp;loss in October and marked the worst performance since February 2020, official data showed on Wednesday. They were well below analysts' expectations of&nbsp;a 3.5 per cent&nbsp;decline.

The reports of declines coincided with the crucial decision by Beijing that rolled back strict Covid rules on Wednesday and allowed Covid cases with mild symptoms to quarantine at home.

ALSO READ -&nbsp;<a href="https://www.wionews.com/world/chinese-economy-continues-to-struggle-amid-erratic-policies-and-decisions-521091">Chinese economy continues to struggle amid 'erratic' policies and decisions</a>

The outbound shipments have been losing steam since August as surging inflation, sweeping interest rate increases across many countries and the Ukraine crisis have pushed the global economy to the brink of recession.

WATCH -&nbsp;<a href="https://www.wionews.com/videos/gravitas-how-zero-covid-ravaged-chinese-economy-483939">Gravitas: How Zero Covid ravaged Chinese economy</a>

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Exports are likely to shrink further over coming quarters, Julian Evans-Pritchard, senior China Economist at Capital Economics, said in a note.

"Outbound shipments will receive a limited boost from the easing of (China's) virus restrictions, which are no longer a major constraint on the ability of manufacturers to meet orders," he said.

"Of much greater consequence will be the downturn in global demand for Chinese goods due to the reversal in pandemic-era demand and the coming global recession."

Responding to the broadening pressure on China's economy, state media reported on Wednesday that a high-level meeting of the ruling Communist Party held on the previous day had emphasised the government's focus in 2023 will be on stabilising growth, promoting domestic demand and opening up to the outside world.

"The Politburo meeting held yesterday points to domestic demand as the major driver for growth for the next year, and the fiscal policy will remain proactive to support demand," said Hao Zhou, chief economist at Guotai Junan International.

Almost three years of pandemic controls have exacted a heavy economic toll and caused widespread frustration and fatigue in China.

The widespread COVID curbs hurt importers too. Inbound shipments were down sharply by 10.6 per cent from a 0.7 per cent&nbsp;drop in October, weaker than a forecast 6.0 per cent&nbsp;decline. The downturn was the worst since May 2020, partly also reflecting a high year-earlier base for comparison.

China's economy grew just 3 per cent&nbsp;in the first three quarters of this year, well below the annual target of around 5.5 per cent. Full-year growth is widely expected by analysts to be just over 3 per cent.

Zhiwei Zhang, chief economist at Pinpoint Asset Management, cautioned about China's "bumpy reopening" process. 
"As global demand weakens in 2023, China will have to rely more on domestic demand," Zhang told Reuters.

(With inputs from agencies)

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China's exports and imports declined at their steepest pace in the last 18 months till November, as slow global and domestic demand, production disruptions due to Covid-related restrictions and real estate slump piled pressure on the world's second-biggest economy.

China's exports and imports declined at their steepest pace in the last 18 months till November, as slow global and domestic demand, production disruptions due to Covid-related restrictions and real estate slump piled pressure on the world's second-biggest economy. Exports contracted 8.7 per cent in November from a year earlier, a sharper fall from a 0.3 per cent loss in October and marked the worst performance since February 2020, official data showed on Wednesday. They were well below analysts' expectations of a 3.5 per cent decline. The reports of declines coincided with the crucial decision by Beijing that rolled back strict Covid rules on Wednesday and allowed Covid cases with mild symptoms to quarantine at home. ALSO READ - Chinese economy continues to struggle amid 'erratic' policies and decisions The outbound shipments have been losing steam since August as surging inflation, sweeping interest rate increases across many countries and the Ukraine crisis have pushed the global economy to the brink of recession. WATCH - Gravitas: How Zero Covid ravaged Chinese economy × Exports are likely to shrink further over coming quarters, Julian Evans-Pritchard, senior China Economist at Capital Economics, said in a note. "Outbound shipments will receive a limited boost from the easing of (China's) virus restrictions, which are no longer a major constraint on the ability of manufacturers to meet orders," he said. "Of much greater consequence will be the downturn in global demand for Chinese goods due to the reversal in pandemic-era demand and the coming global recession." Responding to the broadening pressure on China's economy, state media reported on Wednesday that a high-level meeting of the ruling Communist Party held on the previous day had emphasised the government's focus in 2023 will be on stabilising growth, promoting domestic demand and opening up to the outside world. "The Politburo meeting held yesterday points to domestic demand as the major driver for growth for the next year, and the fiscal policy will remain proactive to support demand," said Hao Zhou, chief economist at Guotai Junan International. Almost three years of pandemic controls have exacted a heavy economic toll and caused widespread frustration and fatigue in China. The widespread COVID curbs hurt importers too. Inbound shipments were down sharply by 10.6 per cent from a 0.7 per cent drop in October, weaker than a forecast 6.0 per cent decline. The downturn was the worst since May 2020, partly also reflecting a high year-earlier base for comparison. China's economy grew just 3 per cent in the first three quarters of this year, well below the annual target of around 5.5 per cent. Full-year growth is widely expected by analysts to be just over 3 per cent. Zhiwei Zhang, chief economist at Pinpoint Asset Management, cautioned about China's "bumpy reopening" process. "As global demand weakens in 2023, China will have to rely more on domestic demand," Zhang told Reuters. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

China's imports, exports register steep decline amid Covid restrictions, slow demand

The Chinese economy is suffering increasing damage from tightened virus controls as Covid infections are spreading in almost every province. Watch full video to know more.

China's economic activity falls as Covid-19 cases surge to record