Foreign Asset Managers Bullish on China Despite Persisting Risks
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Global asset managers see investment opportunities in China due to economic policy shifts. BlackRock and Capital Group executives cited long-term potential.
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China's economy is undergoing massive transition, presenting opportunities for investors focusing on policy direction. Fidelity and Invesco executives also optimistic.
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China likely to achieve 5% annual growth target smoothly according to central bank governor. Production, consumption, and employment metrics recovering.
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Debt-laden municipalities remain a major economic risk in China per economists. Years of overinvestment in infrastructure and property crisis persist.
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Wealth flow from mainland China to Hong Kong up 3-4 times this year per HSBC CEO. PBOC deputy governor not overly worried about economy.