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Shares surge on Xiongan, but sustainability concerns arise

By Li Iang | China Daily | Updated: 2017-04-17 06:40

Analysts say overall economic prospects could face downward pressure yet

China's plan to develop a special economic zone - the Xiongan New Area - near Beijing has fueled a stock market frenzy all right, but analysts remain skeptical such optimism would create a sustainable bull market.

The plan has injected an unexpected element of excitement into the A-share market, lifting investors' risk preference and boosting expectation for improved corporate earnings, especially the profitability of companies in sectors such as infrastructure, construction materials, transportation and environmental protection.

Shares surge on Xiongan, but sustainability concerns arise

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