China stock markets soar in 2019
At the same time, Beijing seems to be close to reaching a trade agreement with Washington, following a series of criminal charges that both economic giants merged in 2018.
Chinese dealers made unprecedented proposals for forced technology transfer, a point in the talks, reported Reuters at the end of March. But US Secretary of State Steven Mnuchin said the two sides still have a lot of work ahead of them.
Investors have become increasingly optimistic that an agreement could be reached between the two economic power plants that would end their long-standing trade dispute.
Looking ahead, a strategist has said that economic figures and corporate feelings need to be improved over the next six months or so.
"We've started to see retailers in China feel a little more optimistic, but they've been trying to just get the money back after a horrible year in 201[ads1]8, so the money isn't really at work at the moment," said Tai Hui, Asia-Pacific chief market strategist at JP Morgan Asset Management, CNBC's Street Signs on Wednesday. 19659002] "I believe that the data, both in the economy and the business sector, will be quite important for convincing investors in China to return to the market. And that may well be the key issue for the second and third quarters of 2019 or Chinese stocks." 19659002] – CNBC's Yen Nee Lee and Fred Imbert contributed to this report.
