DB X-trackers has welcomed the inclusion of China in MSCI's emerging markets index, saying that the importance of Chinese A-shares is something that it has long supported.
DBX added that they were "positive" on China as a whole and forecast 6.3 percent growth this year, "marking a continuation of the stellar growth that has defined the Chinese economy for much of the last two decades."
DBX also noted that the sectoral shift within the Chinese economy itself, away from manufacturing and towards services and infrastructure, is "encouraging". So too is China's low inflation and debt.
"China has plenty of ammunition to weather any future economic storms. Of course, we're not claiming the economy is without its problems but, let's be frank, this is a macro palette that many developed nations would love to paint from," the company said.
