China Bulls See Xi-Putin Ties as Top Wildcard Risk

  • Professional investors still see upside in China’s reopening
  • Many expect China will exceed its 5% economic growth target
Vladimir Putin speaks to Xi Jinping during the Shanghai Cooperation Organisation leaders’ summit in Samarkand on Sept. 16, 2022.Photographer: Sergei Bobylyov/AFP/Getty Images
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China’s relationship with Russia and the potential role it might play in the war in Ukraine are the biggest wild-card risks to markets that investors are missing, according to the latest MLIV Pulse survey.

Geopolitical concerns and President Xi Jinping’s increasing power are casting a shadow over the optimism among professional investors, a third of whom still plan to add to their China exposure in the next 12 months.