Best strategy is to bet on plays that would benefit from new stimulus policies China is likely to announce, analyst says.
Chinese stocks’ world-beating rally faces a reality check after the US slapped a 34 per cent reciprocal tariff on imports from the mainland, casting a shadow on its fragile economic recovery.
The levy is in addition to the existing 20 per cent tariff imposed by President Donald Trump shortly after he took office in January, bringing it close to the 60 per cent rate he threatened during the election campaign and almost falling into the worst-case scenario projected by global investment banks.
