Franklin Templeton CEO Sees Investment Opportunities in China Despite Pessimism

Franklin Templeton CEO Jenny Johnson says pessimism about China is overhyped, sees opportunities in innovation and areas like energy and food security.
Johnson says China is the world's second largest economy and generates the most engineers annually, so innovation will create opportunities.
She says investments may bump along for a while, but will snap back up when conditions improve.
Johnson sees chances in secondary private equities and private credit globally as LPs sell holdings at a discount due to overcommitment.
The comments come as some say China has become uninvestable, citing government actions that increase business risks.

reuters.com

Relevant topic timeline:

9/12/2023

JPMorgan CEO Jamie Dimon Shifts Stance on China, Now Highly Cautious About Economic Outlook

JP Morgan CEO Jamie Dimon, who was previously optimistic about China's economy, has become highly cautious due to weak domestic consumption, a slowing global economy, youth joblessness, and a shaky real estate sector.

9/15/2023

China data boosts markets, but economic outlook still uncertain

The performance of Alibaba and JD.com stocks suggests that investors are uncertain about whether China's economy is improving despite positive Chinese data.