China's stock markets rise in 2019



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Meanwhile, Beijing appears to be close to closing a trade deal with Washington after a series of punitive tariffs that the two economic giants did against each other in 2018.

Chinese negotiators have made unprecedented proposals on forced technology transfers, a point of contention in the talks, Reuters reported at the end of March. But US Treasury Secretary Steven Mnuchin said on Monday the two sides still have a lot of work to do.

Investors are increasingly optimistic about the possibility of reaching an agreement between the two economic powers that would end the prolonged trade fight.

Looking ahead, a strategist said that economic numbers and corporate sentiment need to improve over the next six months.

"We started to see retail investors in China feel a little more optimistic, but they are busy trying to get their money back after a terrible year in 2018, so the money is not really at work right now." Tai Hui, chief market strategist at JP Morgan Asset Management, told CNBC's "Street Signs" on Wednesday.

"I think the data, both in the economy and in the corporate sector, will be very important in convincing Chinese investors to return to the market, and that may be the key theme for the second and third quarters of 2019." Chinese Stocks ".

– Yen Nee Lee of CNBC and Fred Imbert contributed to this report.

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