‘There’s enough murk out there. I don’t need to have that lack of clarity as well. When I look at the opportunity set, is China flashing green at me? No, it’s not,’ he said [David Coombs, manager of the multi-asset £1.8bn Rathbone Multi-Asset Strategic Growth fund].
The increased concentration of power in president Xi Jinping, as seen at the CPC’s National Congress in October, is another factor making Coombs nervous.
The CCP’s track record of sweeping regulatory shifts makes investing in China difficult. Last year, Beijing cut off foreign investment into China’s private education industry as the government sought to prevent companies from profiting from education, effectively wiping out foreign investors overnight. READ MORE
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