Chinese stocks are set to enter a bull market on their return from the Lunar New Year holidays, according to analysts.

The Shanghai Composite Index, which tracks the performance of the largest publicly traded companies in China, is expected to reach the 3,600-point level, a key indicator of a bull market. This level has not been reached since 2015, when the Chinese economy was slowing down.

Analysts believe that the Chinese economy is now in a period of recovery, with the country’s manufacturing activity improving in January. This has led to increased investor confidence in the Chinese stock market, which has been in a bear market since 2018.

The Chinese government has also been taking steps to support the stock market, including cutting taxes and allowing more foreign investment.

If the Shanghai Composite Index does reach the 3,600-point level, it could be a sign of a more sustained recovery in the Chinese economy, which would be welcomed by investors around the world.