Chinese stocks outlook 2023: Treading carefully amid fragile sentiment

Investors are revisiting Chinese equities going into 2023 as the country gradually reopens and economic activities normalise. But a bottom-up approach is necessary along the road of China’s bumpy recovery, fund managers say. In a major policy shift, China dropped its zero-Covid approach in early December, ending the country’s year-long massive lockdown and testing mechanism in favour of self-testing and home quarantines for asymptomatic and mild cases. As infections surged in the …