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.
โWe will be very disciplined, but overall we feel there are more positives than negatives,โ said Gabriel Sacks, emerging markets portfolio manager at Abrdn, which manages ยฃ506 billion ($677 billion) in assets .