, Columnist
How to Go From ‘Anywhere But China’ to ‘Buy China’
Slowing down the bull run and carefully spelling out its AI ambition are a good start for Beijing.
Is it the right time for foreign investors to pile back into Chinese stocks?
Photographer: Raul Ariano/BloombergIn the post-pandemic era, one of the ABCs of investing has been “anywhere but China.”
Global investors have been steering clear as Beijing struggles with deflation and a prolonged property downturn. Demand for so-called “ex-China” strategies has been booming, as index providers built new emerging-markets benchmarks that exclude the world’s second-largest economy.