Foreign Funds Back China's Hard-Tech Sector as High-Tech Exports Jump Over 50%
Updated
Updated · Global Times · Aug 12
Foreign Funds Back China's Hard-Tech Sector as High-Tech Exports Jump Over 50%
1 articles · Updated · Global Times · Aug 12
Summary
July customs data showed China's high-tech exports surged more than 50% year on year, far outpacing 17.8% growth in total exports and reinforcing foreign investors' case for the country's AI, chip and advanced-manufacturing sectors.
Nomura and Morgan Stanley said cheap power, a deep talent pool, open-weight AI models and strength in advanced manufacturing are lifting earnings potential, with China holding roughly half of global new energy storage installations.
Goldman Sachs has twice raised its 12-month CSI 300 target this year and kept an overweight call on Chinese equities, while MSCI fast-tracked newly listed chipmaker ChangXin Memory Technologies into its China All Shares Index.
ChangXin Memory jumped 465.82% on its STAR Market debut to a market value above 3.2 trillion yuan, and humanoid robot maker Unitree priced a 6.1 billion yuan Shanghai IPO, highlighting overseas appetite for hard-tech names.
DBS and UBS economists said that optimism still sits alongside weak household demand and pressure on some corporate profits, making faster fiscal support and better policy coordination crucial to sustaining a second-half recovery.