Fund managers seek shelter from trade war by betting on China’s consumers
Sydney/Hong Kong — China may be an odd choice for investors seeking shelter from a Sino-US trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs.
It is also a vote of confidence in Beijing’s aggressive policy response to a festering Sino-US trade standoff which has hurt its economy, unsettled world financial markets and triggered fears of a global recession...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.