Chief Market Strategist and Portfolio Manager Ellen Hazen, CFA, talked to Isabelle Lee at Bloomberg about the weakness of the Chinese market.
Ellen commented, “China is trying to reduce reliance on foreign technology and prevent foreign investment in many industries in order to counter Western influence. Right now — between the demographic issue, the debt issue, the property issue, and the lack of clarity on what minority shareholders really own — we don’t think it’s quite cheap enough to justify a position for US dollar-based clients.”
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