BlackRock Downgrades China Over Slowing Growth and Investor Exodus

BlackRock cut its rating for Chinese stocks from "overweight" to "neutral" citing slowing growth, limited stimulus, and geopolitical tensions.
China's crisis-hit property sector remains a drag on the economy according to BlackRock.
Foreign investors have yanked $188 billion from China's markets since mid-2021 as traders see it as increasingly uninvestable.
Beijing called time on zero-COVID lockdowns last year but has since slashed growth targets as it battles deflation and soaring youth unemployment.
Policymakers have brought in some stimulus but stopped short of a "bazooka" package that many believe is needed to boost growth.

businessinsider.com

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