, Columnist
China Is Making Investor Calls So Awkward
Having missed the initial rally, global asset managers need to decide whether Chinese stocks are on the cusp of a re-rating.
Shock and awe in China’s markets.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Don’t ever underestimate China’s ability to shock and awe.
Just when global asset managers had given up for good, Beijing made an abrupt turn, rolling out a barrage of stimulus measures before going on a week long national holiday. While lacking in operational details, the change in official rhetoric and the “big guns” they’re bringing out prompted billionaire investor David Tepper to declare his desire to buy more of “everything” related to China.