LONDON : Emerging market investors who avoided Chinese shares this year have seen less pain than those with portfolios exposed to the gamut of EM stocks, a trend exacerbated by this week's selloff.
But it has still beaten the 30 per cent decline in the iShares MSCI Emerging Markets ETF, which includes Chinese equities, in this time, according to Refinitiv data. China's economy rebounded at a faster pace than expected in the third quarter, but strict COVID curbs and a deepening property crisis have cast a shadow over Beijing's efforts to foster a robust revival next year.
BlackRock Inc, the world's largest asset manager, said President Xi's confirmation"paves the way for greater state control of the economy and markets" and Chinese assets warrant a higher risk premium as a result.
Any in-depth report on what happened at CCP summit during the last weeks. It would be great a VOD with some in-depth analysis and views about the decisions made and how will they impact the future of China, Asia, and the world in the years to come. Thank you!