is just one recent conundrum that has led foreign fund managers to question whether China is losing its pragmatic approach to managing the economy.backing for Russia’s war
Onshore markets were one of the linchpins in China’s relations with the outside world. The belief that they would continue to open up and yield high returns helped to maintain links with powerful, Western financiers hoping to strike it rich. Even as relations between America and China soured during the Trump years, and a trade war dampened global sentiment, an exuberance for onshore securities took hold of many of the world’s biggest financial groups.
Some top investment groups are becoming more public about these views. BlackRock, a giant asset manager that has been expanding rapidly in China, said on May 9th that it had shifted its 6-to-12-month view of Chinese equities to “neutral” from “modest overweight”. This is mainly because of the bad economic picture, but also reflects China’s ties to Russia.
Many investors see 2022 as a bellwether year for the future direction of policy. The optimistic outlook, says the regional head of one global asset manager, is that this gloomy period of ideology, policy missteps and beleaguered growth is part of the preparation for the Party congress in the autumn. Once that passes, pragmatists will have more control of policy. Zero-covid will be wound down and support for the economy and tech firms will be ample.
'Never interrupt your enemy when he is making a mistake.' - Napoleon Bonaparte (1769-1821)
Based Xi.
Omg, made $2 trillion.😅
With all due respect, and coming from someone who appreciates the good parts of unrestrained capitalism, not EVERYTHING has to do with the stock market. Some things are bigger than the stock market.
2 trillion dollars looks like a lot, but compared with the money pumped into Iraq war, Afghanistan war, Ukraine war, plummet of US stock market and domestic inflation, it’s trivial.
Surprise. Now tell us, has anything physical changed? No. The Chinese have figured out that money is a human artifice. The whole market price crap is just an excuse for private to corrupt and claim false rewards. Your QE is inflation. Nationalise the banks. It's democratic.
Smart move. China under Xi is yet another reincarnation of the dead zombie of the fascist state.
Gigi Ping knows they'll recover
China's Govt not willing to play US rigged game of International Investment any longer. Just a financialhoneytrap. The Arrest of Meng Wanzhou was a real eye opener. US criminal sanctions are Forms of Economic Warfare & under international law are rightly condemned & Yet...
China really can’t afford a war. They’re too exposed internationally and their treasury has taken a hit. Foreign investment will flee soon.
习近平在掌权对中国不利,中国需要引入美国或者日本文化,进行文化和制度改革,不然中国永远没有前途。
现在如果发生战争,中国立马就会崩溃和分裂。
Saber-rattling has never been a pragmatic approach to managing the economy.
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