Businesses That Have Business Dealings With China Have Finally "Kept The Clouds Open".

In less than half a year, businesses that have dealings with China have turned from market outcast to market darling.

Bloomberg and MSCI's aggregated data show that an index of developed market companies measuring revenue mainly from China has risen by about 33% from the February low, compared with the global market. equity market The leading edge has reached its highest level in nearly a year, almost recovering less than 35% in less than a year. The index covers companies like Qualcomm, yum, and Rio Tinto and BHP Billiton mining giants.

"This is the first time China has really surprised us for a long time," said Thomas Thygesen, head of cross asset strategy at SEB AB in Copenhagen. "CEO from around the world also tells us that China's situation is not too bad. This reduces our fear of the global recession. "

China's economy is showing signs of stabilization, helping to revive investors' business dealings with China. Multinational enterprises Confidence. Investors' concerns about the effect of stimulus from Europe to the Bank of Japan and the worries that Britain will break away from the EU will start to hurt economic growth may also magnify the effect.

Morgan Stanley estimates that about 8% of the total income of European enterprises comes from China. Japanese Enterprises The sales revenue from China is about 6.6%, and that of American enterprises is 3%.

Statistics show that China's economy is responding positively to the increase in policy support. The GDP growth rate in the second quarter reached 6.7% higher than expected. China's industrial added value and total retail sales of consumer goods also exceeded expectations in June, and the service sector improved in July. This has boosted metal prices and share prices of mining companies such as BHP and Rio Tinto, and the latest data from enterprises also show that China's consumption expenditure is rising.