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          July 23, 2021

          Asset Allocations Shifts from Commodities to Stocks and Bonds amid Uneven Economic Recovery

          Hong Kong, 23 July 2021 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled 2021H1 Review and H2 Outlook for Macro-economy and Asset Allocations - Asset Allocations Shift from Commodities to Bonds and Stocks amid Uneven Economic Recovery, According to the report, China’s economy remains in an ongoing recovery, yet not back to normal, facing many risks and challenges. The report predicts that the annual economic growth will be about 8.6%, with a higher start to the year followed by a decline. The asset allocations will shift the focus onto stocks and bonds in H2 from commodities seen in H1. It is suggested to gradually reduce allocations to commodities.


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