Chinese investors monitor stock prices on November 19, 2019. Photo: Associated Press

Chinese stocks retreat as record decline in industrial profits adds to worries about corporate earnings

  • In Hong Kong, MTR rises the most since city leader formally withdrew extradition bill that sparked demonstrations
  • Alibaba extends gains into the second day of trading in Hong Kong
Topic |   China stock market

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Chinese investors monitor stock prices on November 19, 2019. Photo: Associated Press
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An aerial view of modern flats in Beijing in June 2019: Photo: Shutterstock

Analyst who called China stock rally now warns of mediocre returns in 2020 on property, export slowdown

  • Gains from Chinese stocks may be much lower in 2020 as growth cools and foreign buying slows, says Chen Li, chief economist at Soochow Securities
  • Chen is cautious about consumer stocks as higher inflation and leverage dent spending and profits; bullish on 10-year bonds as growth eases
Topic |   China stock market

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An aerial view of modern flats in Beijing in June 2019: Photo: Shutterstock
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