China analysts see Q3 earnings growth continuing, favor tech and resources

The call for a dual tech-and-resources growth engine matters because it frames China's equity story around domestic earnings momentum rather than external liquidity conditions. The explicit link between elevated US Treasury yields and capped tech rebounds shows how much of the near-term case rests on a macro variable neither Chinese issuers nor analysts control. Whether that earnings growth actually broadens beyond the favored sectors, and whether Treasury yields ease enough to let tech lead rather than merely participate, is the open question for the next allocation round.