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Schroders: Tech Leads CN Econ Recovery; Domestic Demand to Be Backed by Continuous CN Property Recovery
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On a macro level, China's modest economic recovery trend continued in early-2025, Yun An, Deputy General Manager at Schroders Fund Management (China) Co., Ltd., said. Despite certain consumption challenges, there were significant structural breakthroughs in the technology sector, including DeepSeek's leap in large language model (LLM) technology, Unitree Robotics' advances in robot area, BYD COMPANY (01211.HK)'s announcement of a strategy to cover all of its models with autonomous driving and deeper cooperation between Apple (AAPL.US) and BABA-W (09988.HK) in the local AI field. These developments shifted the market consensus on China's technology outlook, which is seen as one of the key drivers of China's transcend over the “middle income trap”. Looking ahead to the full-year economy in 2025, Schroders expected China's economy to remain on recovery track. According to a series of policy documents and government statements, the expansion of domestic demand and technological innovation will become the dual engines driving economic growth. A slow but sustained recovery in the property market from 4Q24 will support domestic demand in the medium term. Although consumption remains low for the time being, it is expected to improve as the stock market rebounds and home prices stabilize. AAStocks Financial News |
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