Government reports in the past two weeks showed the slowdown in China’s economic activity is ending. Exports have stabilised while headline inflation accelerated while manufacturing expanded in September.US President Joe Biden signalled on Friday that a one-on-one meeting with his Chinese counterpart Xi Jinping was possible next month, when leaders of the Asia-Pacific Economic Cooperation forum gather in San Francisco. Beijing has yet to confirm whether Xi will attend. The price-to-earnings ratio of the MSCI China Index members stood at 11.44 times, the lowest in five years and compared with an average 12.93 times over the past 12 months, according to Bloomberg data.Are Chinese stocks regaining favour?
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