Public
sentiment rapidly turned anti-new policy..
公众情绪迅速转变，开始反对新政策。
I kept that book out of
sentiment.
我无法释怀一直保留着那本书。
Your
sentiment is right.
你的想法是正确的。
Alibaba Group Holding Ltd co-founders Jack Ma and Joe Tsai's recent move to buy back shares of the Chinese technology heavyweight is expected to shore up investor sentiment and market confidence toward China's tech sector, and drive up the stock prices of major Chinese internet companies, industry experts said.
业内专家表示，阿里巴巴集团（Alibaba Group Holding Ltd）联合创始人马云（Jack Ma）和蔡崇信（Joe Tsai）最近回购这家中国科技巨头的股票，预计将提振投资者对中国科技行业的情绪和市场信心，并推高中国主要互联网公司的股价。
Alibaba said its total revenue stood at 224.79 billion yuan ($31.4 billion) during the July-September period, up 9 percent year-on-year, driven chiefly by improved consumer sentiment.
阿里巴巴表示，其7-9月总收入为2247.9亿元人民币（314亿美元），同比增长9%，主要受消费者情绪改善的推动。
That sentiment is in line with the latest data.
这种情绪与最新数据一致。
Thexa0government's policy support is expected to shore up the investment sentiment and market confidence toward the internet and tech industry, he added.
他补充道，预计政府的政策支持将提振互联网和科技行业的投资情绪和市场信心。
Alibaba said its total revenue stood at 224.79 billion yuan ($31.4 billion) during the July-September period, up 9 percent year-on-year, driven chiefly by improved consumer sentiment and increased demand for multiple products.
阿里巴巴表示，7-9月期间，其总收入为2247.9亿元人民币（314亿美元），同比增长9%，主要受消费者情绪改善和多种产品需求增加的推动。
Mo Daiqing, a senior analyst at domestic consultancy Internet Economy Institute, said PDD Holdings' strong financial performance indicates improved consumer sentiment and the continuous recovery of China's consumption market.
国内咨询公司互联网经济研究所高级分析师莫代青表示，PDD Holdings强劲的财务表现表明消费者情绪有所改善，中国消费市场持续复苏。
Despite a subdued global investment sentiment, multinational companies are confident about investing in China and firmly believe innovations can represent the most significant growth opportunities for them in the Chinese market, said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing.
位于北京的中国国际贸易经济合作研究院高级研究员周密表示，尽管全球投资情绪低迷，但跨国公司对在中国投资充满信心，并坚信创新是它们在中国市场最重要的增长机会。
Hexagon will continue to expand its business in China and share development opportunities in the Chinese market — a sentiment that is in line with a recent survey.
Hexagon将继续扩大其在中国的业务，并分享中国市场的发展机会——这与最近的一项调查一致。
The slump was partly due to investor sentiment that the EV business may need heavy investment, experts said.
专家表示，经济下滑的部分原因是投资者认为电动汽车业务可能需要大量投资。
"The outlook for cobalt demand is compelling, and it is therefore incumbent on us all to redouble our efforts, and despite the short-term swings of sentiment and all the recent market volatility, increase the much-needed investments in mining and refining of cobalt as the key metal required for the green energy transition," said the companyWang mentioned that China's electronic vehicle market is developing rapidly, which has brought huge market demand which has led to an increase of the upper stream mining resources.
该公司表示：“钴需求前景令人信服，因此，我们所有人都有责任加倍努力，尽管市场情绪出现短期波动和最近的市场波动，但增加对钴的开采和精炼的急需投资，钴是绿色能源转型所需的关键金属。”王提到，中国的电子汽车市场发展迅速，带来了巨大的市场需求，导致上游矿产资源的增加。
This sentiment was evident at the ongoing China International Import Expo (CIIE) from Nov 5-10, where numerous enterprises vied to showcase their products and establish a strong foothold in the thriving Chinese market.
这种情绪在11月5日至10日举行的中国国际进口博览会上表现得很明显，许多企业争相展示自己的产品，并在蓬勃发展的中国市场站稳脚跟。
In addition, the survey from Alix-Partners stated that as consumer sentiment picks up, nearly half of the respondents said they are likely to spend more this year compared to last year, and 62 percent said they will spend at least 3,000 yuan this year, up 11 percentage points from 2022.
此外，Alix Partners的调查显示，随着消费者情绪的回升，近一半的受访者表示，今年他们可能会比去年花更多的钱，62%的受访者表示今年他们将至少花3000元，比2022年上升了11个百分点。
We are seeing stronger sentiment and spending, evidenced by the 18 percent increase in total spending compared to 2022 — more than three times last year's growth.
我们看到了更强劲的情绪和支出，与2022年相比，总支出增长了18%，是去年增长的三倍多。
The company's favorable sentiment toward China as an investment destination stems from its belief in the combination of effective government policies and the hardworking nature and ingenuity of the Chinese people, ensuring the country's socioeconomic objectives are achieved, said Jarkas.
Jarkas表示，该公司对中国作为投资目的地的好感源于其相信有效的政府政策与中国人民的勤劳和智慧相结合，确保实现国家的社会经济目标。
Analysts cautioned against extrapolation from the stock price surge, citing the probe into the suspected illegal activities of Evergrande's founder Xu Jiayin, also known as Hui Ka Yan, and the uncertain prospect of the developer's offshore debt restructuring process as factors that will continue to affect investor sentiment.
分析师警告称，不要从股价飙升中推断，恒大创始人许家印（又名许家印）涉嫌非法活动的调查，以及开发商离岸债务重组过程的不确定前景，都是将继续影响投资者情绪的因素。
China's major e-commerce platforms posted better-than-expected financial results in the second quarter of the year, driven chiefly by improved consumer sentiment and increased demand for multiple products, experts said.
专家表示，中国主要电子商务平台今年第二季度的财务业绩好于预期，主要是受消费者情绪改善和多种产品需求增加的推动。
"Over the recent quarter, we saw a positive shift in consumer sentiment, leading to a rise in demand across various product sectors," said Zhao Jiazhen, executive director and co-chief executive officer of PDD Holdings.
PDD Holdings执行董事兼联席首席执行官赵表示：“在最近一个季度，我们看到消费者情绪发生了积极转变，导致各个产品行业的需求上升。”。
China Evergrande Group's plan to resume trading on Aug 28 in Hong Kong, along with newly unveiled policy incentives to boost the real estate sector, is expected to shore up market sentiment and points toward a positive path for the property market, experts said.
专家表示，中国恒大集团计划于8月28日在香港恢复交易，以及最新公布的提振房地产行业的政策激励措施，预计将提振市场情绪，并为房地产市场指明一条积极的道路。
Their confidence level now is up by 4 percent compared with the sentiment prior to China's phased COVID-19 policy change from the end of 2022 till the end of January, the chamber said in its 2023 Mid-Year Report on Impact of COVID Policy Change.
商会在其2023年关于新冠肺炎政策变化影响的中期报告中表示，与中国从2022年底到1月底分阶段改变新冠肺炎政策之前的情绪相比，他们的信心水平现在上升了4%。
Echoing the sentiment, Solomon Telila, minister of the embassy of Ethiopia in Beijing, said China has notable advantages in the field of new energy and is well-positioned to assist African countries in establishing various renewable energy projects, including solar power plants, wind farms and hydropower units.
埃塞俄比亚驻北京大使馆部长Solomon Telila回应了这一观点，他表示，中国在新能源领域具有显著优势，有能力帮助非洲国家建立各种可再生能源项目，包括太阳能发电厂、风电场和水电站。
Echoing that sentiment, Ding Rijia, a professor specializing in energy at China University of Mining and Technology in Beijing, said China's plans to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060 will encourage more multinational corporations to deploy their latest products and solutions in the country, especially in the areas of manufacturing, aviation, chemicals, transportation and power generation.
北京中国矿业大学能源专业教授丁日佳回应了这一观点，他表示，中国计划在2030年前实现二氧化碳排放峰值，并在2060年前实现碳中和，这将鼓励更多跨国公司在中国部署其最新产品和解决方案，运输和发电。
"Luxury consumption will recover once COVID-19 subsides, mall traffic improves and consumer sentiment rebounds.
“一旦新冠肺炎消退，商场交通改善，消费者情绪回升，奢侈品消费将复苏。
The revival of private companies and the improvement of private entrepreneur sentiment are crucial for the country's continued growth, as the private sector has been a key pillar sustaining China's economic expansion.
私营企业的复兴和私营企业家情绪的改善对中国的持续增长至关重要，因为私营部门一直是维持中国经济扩张的关键支柱。
"Asia, and China in particular, will remain our largest market and key to our future growth," he said, adding that economic recovery in China will positively impact broader sentiment in Asia, which the company expects to stimulate greater investment and demand across the continent.
他表示：“亚洲，尤其是中国，将继续是我们最大的市场，也是我们未来增长的关键。”他补充道，中国的经济复苏将对亚洲更广泛的情绪产生积极影响，该公司预计这将刺激整个大陆更大的投资和需求。
The company is just one example showing that foreign investors are firmly confident in their development prospects in China, as the Chinese economy looks set for a recovery in 2023 against the background of a slowing global economy and subdued international investor sentiment.
该公司只是一个例子，表明外国投资者对他们在中国的发展前景充满信心，因为在全球经济放缓和国际投资者情绪低迷的背景下，中国经济有望在2023年复苏。
We already see positive early signs coming through in the property sector, and in terms of improved business and consumer sentiment, and more lending and credit being provided," she said.
我们已经看到房地产行业出现了积极的早期迹象，商业和消费者情绪有所改善，提供了更多的贷款和信贷，”她说。
Following his visit to the company, shares of Shenzhen-listed Empyrean rose 3.8 percent on Friday as investor sentiment brightened on positive policy signals, market insiders said.
市场知情人士表示，在他访问该公司后，深圳上市公司Empyrean的股价周五上涨3.8%，因积极的政策信号提振了投资者情绪。
"Looking ahead, we expect a continued recovery in consumer sentiment and economic activity," Zhang added.
张补充道：“展望未来，我们预计消费者情绪和经济活动将继续复苏。”。
"Looking ahead, we expect continued recovery in consumer sentiment and economic activity.
“展望未来，我们预计消费者情绪和经济活动将继续复苏。
State-owned enterprises have accelerated their reform, which is expected to boost sentiment in the sector, according to a research note by CITIC Securities.
中信证券的一份研究报告显示，国有企业加快了改革步伐，预计这将提振该行业的情绪。
Corporate revenues were boosted despite facing headwinds, including the lingering COVID-19 pandemic, disrupted supply chains, weakened consumer sentiment and rising production costs.
尽管面临不利因素，包括持续的新冠肺炎疫情、供应链中断、消费者情绪减弱和生产成本上升，但企业收入仍有所增长。
It boosted their corporate revenues facing headwinds, including the lingering COVID-19 pandemic, disrupted supply chains, weakened consumer sentiment, and rising production costs.
面对不利因素，包括持续的新冠肺炎疫情、供应链中断、消费者情绪减弱和生产成本上升，这提高了他们的企业收入。
If the target is met, the new fund – TPG Capital Asia VIII – will become the firm's largest Asia fund since it entered the region in 1994, despite the weak global market sentiment and uncertainties.
如果实现这一目标，尽管全球市场情绪疲软且存在不确定性，但新基金TPG Capital Asia VIII将成为该公司自1994年进入该地区以来最大的亚洲基金。
Although facing protectionism and anti-globalization sentiment in certain parts of the world, China has been expanding high-level opening-up with concrete action and has been continuing to encourage domestic companies to grow their global market presence, said Zhao Ping, deputy head of the Academy of China Council for the Promotion of International Trade in Beijing.
中国国际贸易促进委员会副主任赵平在北京表示，尽管在世界某些地区面临保护主义和反全球化情绪，但中国一直在以实际行动扩大高水平开放，并继续鼓励国内企业扩大其全球市场。
Such sentiment is in line with recent figures pointing to the strong momentum of foreign direct investment in China.
这种情绪与最近的数据一致，这些数据表明外国直接投资在中国的强劲势头。
"Despite the pressure from the rising anti-globalization sentiment in some quarters and political considerations, most foreign investors remain committed to the China market because they are aware that China will continue to outperform others in providing business opportunities and development dividends," she said.
她说：“尽管一些方面的反全球化情绪和政治考虑不断上升，但大多数外国投资者仍然致力于中国市场，因为他们意识到中国在提供商业机会和发展红利方面将继续优于其他国家。”。
Echoing this positive sentiment, Wang noted that demand for "green jobs" will continue to move from oil and gas sectors to auto, agriculture, logistics and financial businesses in China, after the country put forth its goals of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060.
王指出，在中国提出到2030年碳排放达到峰值和到2060年实现碳中和的目标后，对“绿色工作”的需求将继续从石油和天然气行业转移到汽车、农业、物流和金融企业。
It estimated the property market sentiment to normalize in the coming months.
据估计，未来几个月房地产市场情绪将正常化。
"We saw a recovery in consumer sentiment in the second quarter especially during the 618 shopping festival; a reflection of the resilience of overall consumption," said Chen Lei, chairman and CEO of Pinduoduo.
拼多多董事长兼首席执行官陈磊表示：“我们看到第二季度消费者情绪有所复苏，尤其是在618购物节期间，这反映了整体消费的韧性。”。
Yin agreed with this sentiment, saying that he is confident the huge economic returns seen at BI's plant in Zhangjiang could encourage more companies to follow suit.
尹同意这种观点，他说他相信BI在张江的工厂所看到的巨大经济回报可以鼓励更多的公司效仿。
"The current market sentiment in the Hong Kong equity market, after severe downward correction in the first half, may not be conducive to IPO subscription," Hung said.
洪表示：“香港股市在经历了上半年的严重下行调整后，目前的市场情绪可能不利于IPO认购。”。
"What we have seen in China's retail marketplace is an overall strong and positive sentiment from merchants to take full advantage of our marketplaces and available digital tools to drive their business growth, especially during difficult times," Zhang noted.
张指出：“我们在中国零售市场看到，商家总体上表现出强烈而积极的情绪，他们充分利用我们的市场和可用的数字工具来推动业务增长，尤其是在困难时期。”。
Lululemon is capitalizing on shifting consumer sentiment in China where fitness doesn't just stand for competition but is synonymous with the pursuit of a new lifestyle, said Jason Yu, managing director of market research firm Kantar Worldpanel Greater China.
市场研究公司Kantar Worldpanel大中华区董事总经理Jason Yu表示，Lululemon正在利用中国消费者情绪的转变，在中国，健身不仅代表着竞争，而且是追求新生活方式的代名词。
A growing factor impacting consumption sentiment is people's increasing attention to the impact of snacks on the environment, such as adopting recyclable packaging or sustainable supply chains.
影响消费情绪的一个日益增长的因素是人们越来越关注零食对环境的影响，例如采用可回收包装或可持续供应链。
"Cosmetics giant L'Oreal Group is betting on a "fast and strong "rebound in consumer sentiment in China as was evidenced two years ago when COVID-19 first emerged, said Fabrice Megarbane, president of L'Oreal North Asia Zone and CEO of L'Oreal China.
欧莱雅北亚区总裁兼欧莱雅中国首席执行官Fabrice Megarbane表示：“化妆品巨头欧莱雅集团押注中国消费者情绪将“迅速强劲”反弹，两年前新冠肺炎首次出现时就证明了这一点。
Alibaba Group Holding Ltd, a bellwether stock for consumer sentiment in China, has reported first-quarter results that beat revenue expectations, but the slowest growth rate since its 2014 IPO on the New York Stock Exchange might still cloud business prospects, experts said.
专家表示，中国消费者情绪的风向标阿里巴巴集团控股有限公司（Alibaba Group Holding Ltd）公布的第一季度业绩超出了收入预期，但该公司自2014年在纽约证券交易所首次公开募股以来的最慢增长率可能仍会给业务前景蒙上阴影。
"Despite macro challenges that impacted supply chains and consumer sentiment, we continued to focus on customer value proposition and building the capabilities to deliver value," Chief Executive Daniel Zhang said in a prepared statement.
首席执行官Daniel Zhang在一份事先准备好的声明中表示：“尽管宏观挑战影响了供应链和消费者情绪，但我们继续专注于客户价值主张和交付价值的能力建设。”。
"The company can stanch its slide if virus cases drop and cause restrictions to be lifted, spurring a rise in buying sentiment by fiscal Q2," said Catherine Lim, analyst at Bloomberg Intelligence, in a research note.
彭博资讯（Bloomberg Intelligence）分析师凯瑟琳·林（Catherine Lim）在一份研究报告中表示：“如果病毒病例下降并取消限制，到第二财季，该公司可以遏制下滑，从而刺激购买情绪上升。”。
"We stay 'overweight' on China on well-anchored growth expectations or targets, easing policy, depressed valuations or sentiment, and low investor positioning," Goldman Sachs Group Inc strategists wrote in a note.
高盛集团（Goldman Sachs Group Inc）策略师在一份报告中写道：“我们对中国保持‘增持’，因为有充分的增长预期或目标、宽松政策、低迷的估值或情绪，以及投资者定位低迷。”。
We think sentiment and valuation will continue to drive Chinese equities.
我们认为市场情绪和估值将继续推动中国股市。
"The competitive edge of Freshippo's X Whole Store is still embedded in its bespoke sets of solutions to meet local customer needs－represented by the half-day delivery and its sourcing strategy－while keeping customer sentiment as a marketplace that offers 'good value for money'," said Yu.
余说：“Freshippo的X Whole Store的竞争优势仍然体现在其定制的解决方案中，以满足当地客户的需求——以半天配送和采购战略为代表——同时保持客户对‘物有所值’市场的信心。”。
Daiwa Capital Markets said in its research note: "Regulatory crackdowns continue to weigh on near-term market sentiment toward the sector.
In the last three months of 2020, the sub-indexes for the sentiment on the macroeconomy, financing, operating cost and labor force were above 100, suggesting an upward trend in business.
After the epidemic, investor sentiment has shifted from optimism to doubts, mainly because the cost of acquiring customers is too high, said Liu Yaokun, head of education industry research at UBS Securities.
Mobile demand for NAND flash memory chips would rise in the fourth quarter on the back of improving consumer sentiment and demand from Chinese manufacturers, while server demand for server solid state drive (SSD) would remain weak amid the inventory adjustment, Samsung noted.
Depressed market sentiment due to COVID-19 earlier this year did not hinder the listing of MEMSensing Microsystems (Suzhou) Co Ltd, whose bourse debut marked the first of its kind in the A-share market.
As Dong explained, market sentiment in consumer products was impaired by COVID-19 during the first half, which as a result impacted equipment providers such as MEMSensing.
"We began to see a shift in investor sentiment … even last year, but I think that COVID-19 has really accentuated that (outlook) even more," Tang said.
He noted that consumer enterprises that became less sought after than deep technology companies in the second half of last year would tend to feel the shift in sentiment more acutely.
In the first quarter, despite the negative impact from COVID-19, Moutai still reported robust gains, which have further boosted investor sentiment toward such consumer stocks and continued to raise its valuation.
Their sentiment reflected not just the anxiety or a sense of relief, but eagerness of the global electronics sector to maintain normal operations as the epidemic's impact on manufacturing and supply chains worldwide became increasingly clear.
The index of consumer sentiment was 100.9, beating the 99.5 of economists polled by Dow Jones.
"Zhou Taosheng, innovation investment chief officer of Shiseido Group China, shared the same sentiment.
The transformation of the Chinese economy and China-US trade friction did impact business sentiment to a certain extent.
"In the rest of 2019, we expect the slowing macro and online advertising sentiment to continue, as well as the ongoing tightening regulation in the Internet sector.
"Kuaigou Hailing, an internet-based cargo hailing app, is a recent case echoing such sentiment.
Yang said the recent geopolitical volatility and ongoing trade dispute between China and the United States have dampened consumer sentiment, and the company is keeping a close eye on that.
Defying almost five months of violent protests that have rocked Hong Kong and weighed on investor sentiment, Chinese mainland e-commerce behemoth Alibaba Group Holding is giving Asia's financial center a vote of confidence with its secondary listing that could raise up to $13.4 billion.
Chinese mainland e-commerce giant Alibaba Group Holding Ltd has got the go-ahead from the Hong Kong stock exchange for a secondary listing that could raise as much as $15 billion, despite almost five months of violent protests in Hong Kong that have rocked the Asian financial center and weighed on investor sentiment.
Anheuser-Busch InBev NV's $5.8 billion IPO of its Asian unit and $1.6 billion float from ESR Cayman, the largest logistics real estate operator in the Asia-Pacific region and backed by private equity giant Warburg Pincus, helped revive the sentiment in the Asia's third-largest stock exchange by market capitalization.
However, branding is increasingly becoming a game-changer in shaping consumer perceptions, especially as a growing protectionist sentiment looms over the global economy, said Chris Reitermann, Asia and China CEO of Ogilvy.
However, over the past 16 weeks, the district has been reduced to a battlefield over and over again, deterring visitors, dampening consumer sentiment and leaving shopping malls, brick-and-mortar retail stores and restaurants with no choice but to bear the brunt of the violent clashes," Jong said.
"Data from Alibaba Group Holding Ltd, owner of the nation's top online shopping site, echoed Yee's sentiment.
But analysts were cautious about whether his departure would dent Alibaba's globalization ambition of serving 2 billion users and creating 100 million jobs by 2036 amid economic uncertainty and rising protectionist sentiment.
They set the target price of Moutai at more than 1,000 yuan per share, attributing it to China's sustained supply-side reforms and consumption upgrade, which have boosted investor sentiment toward such consumer stocks.
Such relationships, with Western businesses, customers and local governments, will become more important for Huawei and other Chinese companies if political sentiment worsens, said Williamson.
The offering, which could fetch up to HK$990 million ($126 million), may come at a delicate time when market fluctuations undermine investor sentiment and the nation's gaming industry faces a rising regulatory push back from the authorities.
The estimate is lower than an initial target of $10 billion, reflecting cooling sentiment toward tech companies, the people added.
Wu Yanran, professor at Beijing Normal University, delivered a speech about his investor sentiment index designed to measure the degree of market speculation.
"This sentiment of continuous progress in the workplace is driving young Chinese white-collar workers toward a long-term remedy: education," said Du Miaomiao, an iResearch analyst.
"As weakening market sentiment and escalating Sino-US trade tensions continue to weigh on the performance of IPOs in the city, investors might not blame the less-than - stellar debut on the company itself, whose share prices do not necessarily move in line with its fundamentals," said Francis Kwok Sze-chi, managing director at Freeman Securities in Hong Kong.
The Sichuan-style spicy hotpot restaurant chain's listing is the latest in a string of technology IPOs in the city against the backdrop of a heated trade dispute between China and the United States, ongoing turmoil in emerging markets as well as lingering worries of further US interest rate hikes, which have cooled market sentiment for technology IPOs in the city.
Adds Google: "We never rank search results to manipulate political sentiment.
China Tower, the world's largest telecommunications tower operator, got off to a muted start on its first day of trading in Hong Kong, replicating the ill-timed debuts of companies like Ping An Good Doctor and Xiaomi as the protracted Sino-US trade friction continued to affect on market sentiment.
Chang Ka Mun, managing director of Li & Fung Development (China) Ltd and Fung Business Intelligence under the Fung Group, a Hong Kong-based conglomerate, said, "At this stage, sentiment in the global market has been badly affected (by the China-US trade conflict).
Since it filed the IPO application in May this year, China Tower has already slowed down its fundraising pace, amid lukewarm market performance and bearish investor sentiment.
Sentiment has largely been cautious and there has not been much room for investors to leverage their holdings," said Shen Meng, director of boutique investment bank Chanson & Co. Shen said that Xiaomi's plans to defer the CDR issue will not have any long-term impact or determine the course of its HK float.
Fund managers and analysts attribute the share price rally to retail investors' positive sentiment on the group's improving business outlook and refinery margin amid improving oil prices.
There is no doubt that China's economic momentum will remain the key factor in driving sentiment around commodity markets for the foreseeable future.
For the past two decades, fast food was seen as hip, fashionable and forward-thinking, but this is no longer the sentiment as an increasing number of consumers are jumping on the healthy eating bandwagon.
This sentiment was echoed by John Couling, senior vice-president of entertainment at Dolby Laboratories.
"With the economy on an upward trajectory, sentiment among microeconomic entities is likely to pick up gradually.
The strong finish in China's foreign trade last year, when global trade slowed as higher interest rates in the United States, Europe and other major consumer markets dampened demand, will shore up business sentiment, said Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges.
Bai Wenxi, vice-chairman of the China Enterprise Capital Union, said that China's economy will likely register steady growth this year, given the continuing economic recovery trend, improved consumer sentiment and stronger policy support.
From record box office earnings to bustling tourist attractions, China's three-day New Year holiday witnessed warming consumer sentiment and got the economy off to a strong start in 2024.
The slump in the property sector continued to linger, while sentiment on the stock market appeared to be lukewarm, with the Shanghai Composite Index ending last year's trading below the key 3,000-point benchmark.
Despite the increasingly complicated global economic environment and significant volatility in the foreign exchange market worldwide, the RMB's exchange rate has remained relatively stable this year, thanks to China's trade resilience and gradual recovery of market sentiment.
This approach not only serves as a robust counter to the anti-globalization sentiment, but also complements the development of a new open economic system on a higher plane.
While current economic indicators, such as a plateau in consumer sentiment and single-digit growth in retail sales, might suggest a tempering of expectations, the underlying dynamics of the market signal a future ripe with opportunity.
While there are challenges, such as low consumer sentiment and a slower recovery, the long-term prospects remain robust.