Scalded by Russia, investment funds tread carefully in China

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

The only big economy promising a growth rebound this year is again luring foreign investors

China, the only big economy promising a growth rebound this year, is again luring foreign investors. Yet the fear that Beijing may someday end up as ostracized from global markets as Russia is keeping a lid on demand.

DoubleLine CEO Jeffrey Gundlach labelled China uninvestable because of out-of-the-blue regulatory crackdowns, forcible share delistings and a last-minute suspension in late 2020 of the multi-billion dollar initial public offering of billionaire Jack Ma’s Ant Group. The United States says China has largely complied with restrictions, but last week blacklisted five Chinese companies for allegedly supporting Russia’s military industrial base.

BlackRock, the world’s biggest asset manager and a long-standing China bull, cut its Chinese equity view in May, warning risks of military confrontation with Taiwan will increase as the decade wears on.Investors pulled $30 billion-plus from China in the January-March period, according to the Institute of International Finance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Yum Brands close to selling KFC business in RussiaYum Brands is in advanced talks to sell its KFC franchise rights in Russia to a local buyer Pull all Western companies out of the Caucasus region. rodger_stuckey Much success.
Source: globeandmail - 🏆 5. / 92 Read more »