Aussie fund manager dumps Chinese stocks

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‘No checks and balances’: $5b Aussie fund manager dumps Chinese stocks | CharlotteGriev1

Mr Griffin pointed to China’s telecommunications sector to explain how the government’s agenda can be detrimental to private sector growth, with companies like China Mobile and China Unicom spending “decades not making any money at all.”

“As much as you might think Facebook is doing the wrong thing, the reality is if I own Facebook shares, and the government decides to do something against it, Facebook can appeal to the courts. I know they will be treated fairly in the court of law,” he said.

 

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