The Great Divide Over China Investing Deepens Post Stimulus
- Long-term investors and foreign companies wary about piling in
- Weak economy, geopolitical tensions, US election raise risks
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Beijing’s pivot toward economic stimulus has sparked fevered stock buying from hedge funds and individual investors. But big asset allocators and multinational companies are wary of rushing back into Asia’s largest economy.
From debates over cocktails at Singapore’s Formula One race to hushed conversations in the speaker’s room at the Milken Institute Asia Summit last month, one topic dominated discussions among global financiers schmoozing in the city-state: China’s demise as an investment hotspot.