. The most common reasons for this revolve around its position on Russia, Taiwan and the government changing rules under the “common prosperity” program.
Alasdair McHugh, a director at fund manager Baillie Gifford, says China has distanced itself from Russia since the Ukraine invasion. The foreign minister of China has officially referred to the Russian invasion as a “war”, having not done so previously. McHugh claims the focus on “common prosperity” in much of the Western media portrays this as some sort of attack on capitalism.Helped by insights from Baillie Gifford’s Shanghai office, he understood common prosperity to instead be about sustainable and inclusive growth. Many companies are well-aligned to such policy directions, so he continues to see exciting opportunities.
Exposure to China has a role to play in investors’ portfolios, tapping into its dynamism and riding the wave of technological innovation as new industries develop there.
You just have to turn a blind eye to the concentration camps
TLDR: Your money is totes safe in my fund which invests in a totalitarian dictatorship.