LONDON –
Global investors are preparing to bet on China again, following a major shift in sentiment fueled by Beijing’s push to reverse the economic slowdown and revive long-term interests in the Chinese stock market.
It’s still early and few money managers expect a Chinese growth boom anytime soon. But government efforts to lure more cash into stocks and boost consumer spending have broadened the appeal of China’s still-low corporate valuations, say investors at groups that collectively oversee more than $1.5 trillion in client funds.
“We will be very disciplined, but overall we feel there are more positives than negatives,” said Gabriel Sacks, emerging markets portfolio manager at Abrdn, which manages £506 billion ($677 billion) in assets .
