CHENGDU, Jan. 5 (NBD) -- Several foreign institutions expressed upbeat attitude towards China's stock market performance in 2017 in their strategy reports. They believe, China's economy will steadily grow in the midst of transformation.

Christopher Wood, the global strategist of CLSA and Mark Mobius, the executive chairman of the emerging market sector of Franklin Templeton Investments, regard "new economy sectors" like consumer and IT sectors as promising in 2017.

In the Templeton report on 2017 stock investment outlook in emerging markets (report), Mark Mobius thinks, economic development of China and other emerging markets and the increasing number of rich people will bring about opportunities for consumer stocks to surge. Mark Mobius also warns against the excessively rocketing stocks in China's internet sector.

The report also says, emerging markets provide more opportunities than developed markets in terms of stock investment. In a long term, small-cap stocks in Asia will benefit from stable economic increase.

With regard to A share market, IT sector which sustained strong growth for past several years will keep its rapid growth in China's market and the global market at large.