Investing
Don’t Invest in China, Goldman Sachs Wealth Management CIO Warns
- Clients are asking if it’s time to buy, Mossavar-Rahmani says
- Mossavar-Rahmani says China’s policy and data are unclear
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China’s big stock-market declines aren’t enough to warrant putting money in the country, according to the chief investment officer of Goldman Sachs Group Inc.’s wealth-management business.
“All our clients are asking us that question — given how cheap China appears, people inevitably say, well, has it discounted the worst news?” Sharmin Mossavar-Rahmani said in a Bloomberg Television interview. “Our view is that one should not invest in China.”