, Columnist
China’s $3.7 Trillion Wealth Industry Is Plagued by Sub-3% Returns
Low-risk investments that yield 3% are becoming rare. It’s disorienting for a nation of savers and their asset managers.
Looking for returns.
Photographer: Raul Ariano/BloombergThis article is for subscribers only.
Which companies may blow up and which stock indexes will nosedive? Most investors are not distressed-debt specialists and are not keen to find out.
As China undergoes a structural economic transition that may last decades, low-risk investments that yield 3% are becoming rare. It’s disorienting for a nation of savers who could easily get that rate from plain-vanilla bank deposits just a decade earlier.