Shuli Ren, Columnist

A Global Rout Is a Great Time for a Command Economy

If there’s one place investors can consider buying the dip, it’s China.

February 28, 2020 at 5:33 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Forget the empty workplaces, feel the liquidity.
Photographer: Giulia Marchi/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

In times of distress, a centralized financial system can go a long way. Global investors, bruised by an ugly week of asset selloffs, can perhaps consider buying the dip — but only in China.

In the past, if the U.S. sneezed, emerging markets would soon be in the emergency room. Not this time. While the S&P 500 Index is heading for its worst week since the global financial crisis, China has been relatively Zen-like, despite being the epicenter of the coronavirus outbreak. The ChiNext index, in particular, is still up 16% this year, even after this week’s heavy selling.