As geopolitical tensions, diverging economic policies and rapid advances in artificial intelligence reshape global markets, senior economists said that Chinese assets are emerging as a key anchor, with the country's cost-effective AI ecosystem well positioned to support a new round of manufacturing upgrading.
With China pushing ahead with financial opening-up, economists said the case for including Chinese assets in global portfolios is likely to strengthen further, even as US equities continue to play an important role in global asset allocation.
Despite persistent uncertainty, global cross-border capital continued to expand in 2025, with the United States, the United Kingdom and China remaining among the world's major destinations for international capital, said Zhang Xiaoyan, associate dean at Tsinghua University's PBC School of Finance.
"The core logic of global capital allocation is simple: Investors seek better returns with lower risks," Zhang said. "Chinese assets could offer both."
On the return side, Zhang pointed to strong growth potential in China's emerging sectors such as digital technology and software, advanced manufacturing, automation, clean energy and green tech. In terms of risks, Chinese assets have low correlation with European and US markets, making them "effective diversifiers", she added.
