The Chinese mainland markets extended their rally from 2020 into the first half of this year, though by a milder range, amid a robust economic rebound that injected momentum into global capital markets. Experts were optimistic that the markets will surge even by a greater extent in the second half of this year.
They also predicted that China’s stock market valuation might surpass that of the US stock markets one day, after the two countries’ economic gap is shortened further.
The prediction comes at a time when markets in both countries have experienced a rally in 2021. The US wrapped up the first half of 2021 at record highs, with the three major US indexes all up by double-digit percentages. The Nasdaq market was up more than 12 percent during the six months, while the S&P 500 rose by 14.4 percent compared with the end of last year.
Source: World Trade Times