China companies set for biggest earnings growth in 5 years in 2023: Part 1

Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID lockdowns and accommodative monetary policy raise hopes for higher profits.

According to Refinitiv IBES data, China's large and mid-cap companies' profits are seen rising 16.2% in 2023, the fastest growth since 2017. The analysis is based on 1,164 companies with a market capitalisation of at least $1 billion.