BlackRock Strategists Downgrade China Stocks on Growth Concerns
- Shares in the country cut to neutral from overweight by BII
- Team also upgraded Japan on earnings, buybacks and reforms
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BlackRock Investment Institute downgraded Chinese stocks to neutral from overweight, citing concerns over the nation’s property sector and the limited boost from stimulus.
“Growth has slowed. Policy stimulus is not as large as in the past,” strategists including Jean Boivin wrote in a report Monday. “Structural challenges imply deteriorating long-term growth. Geopolitical risks persist.”