Why investors should still avoid Chinese stocks
The debate about “uninvestability” obscures something important
Nothing changes sentiment like price, according to one investing maxim. The world-weary saying reflects the fact that after a stockmarket surge speculators usually scramble for reasons to believe further price rises are on the way. A recent surge in the Chinese market is one such example.
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This article appeared in the Finance & economics section of the print edition under the headline “Uninvestment advice”
From the October 19th 2024 edition
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