MARKET OPEN: China growth story good news for Kiwi investors

Tue, 20 Oct 2020

Companies with exposure to China, such as A2 Milk, Synlait and Fonterra, will get a lift as the Asian giant continues to lead the global economic recovery from covid-19.The Chinese economy expanded 4.9 percent in the third quarter from a year earlier. While that’s less than the 5.5 percent economists expected, it was an acceleration from 3.2 percent in the preceding three months.The numbers back up recent projections from the International Monetary Fund that China will be the only major economy to advance in 2020.The strong momentum bodes...

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