“Expectations of more liquidity to be unleashed means it won’t be bad year for stocks,” said Wang Cheng, a fund manager at Shanghai Lubao Investment Management Co. “More opportunities may emerge in the months ahead when the government beefs up economic stimulus policies.”

Even though officials have insisted the virus outbreak wouldn’t stop the world’s second-largest economy from accomplishing its already-set goals, economists have joined one another to cut growth forecasts. China’s real gross domestic product is now forecast to grow about 5.5% this year, according to the median result in a Bloomberg survey. That’s down from 5.9% last month.

Wu Yuefeng, a fund manager at Funding Capital Management Beijing Co. who is holding on to semiconductor and gaming shares, is enjoying the outperformance while it lasts. But he’s also keeping an eye on the exit.

“I’m gradually moving closer to the door as once the virus situation improves to avoid a stampede.”

This article was provided by Bloomberg News.

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