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Meanwhile, Beijing appears to be on the verge of concluding a trade deal with Washington, following a series of punitive tariffs that the two giants of the economy slapped in 2018.
Chinese negotiators made unprecedented proposals on forced technology transfers, a stumbling block in the negotiations, Reuters reported at the end of March. However, US Treasury Secretary Steven Mnuchin said Monday that both sides still have some work to do.
Investors have been increasingly optimistic about the possibility of reaching an agreement between the two economic powers that would put an end to their protracted trade dispute.
A strategist said economic numbers and the business climate are expected to improve over the next six months.
"We are starting to see retail investors in China feeling a little more optimistic, but they are trying to recover their money after a terrible year in 2018, so the money is not really at work for the moment, "Tai Hui, chief market strategist for the Asia-Pacific region at JP Morgan Asset Management, told CNB Street Signs on Wednesday.
"I think that the data, both in the economy and in the business sector, will be large enough to convince Chinese investors to return to the market, and this could well be the key theme for the second and third quarters of the year. 2019 for Chinese Equities. "
– Yen Nee Lee and Fred Imbert of CNBC contributed to this report.
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