Fund managers paint positive 2013

Chinese fund managers are painting a positive outlook for 2013, based on a recovering macroeconomic situation and the expectation of higher stock market yields.

On a day when Asian markets slipped in holiday-hit trade, with investors unmoved by a slight improvement in key economic indicators out of China and Tokyo, experts told China Daily they expect Chinese stock markets to warm this year.

Liu Qingshan, the investment research director at Manulife TEDA Fund Management Co Ltd, said investors were likely to have more confidence as infrastructure construction and urbanization projects further push domestic demand.