Investor negativity on China is showing signs of shifting as money managers stop or slow cuts to their exposure, even if they see a durable bullish tilt in the market or sentiment as distant.
rate, uncertainty over household income expectations and deepening U.S.-China tensions cloud the growth outlook of the economy.
"The market is likely to have long-term upward momentum only when the economy stabilises, corporate earnings recover, and foreign investor sentiment toward China assets improves meaningfully."Others have meanwhile sought out opportunities in markets outside of China, but that trend is showing signs of ebbing.
"Although we have selectively added to existing holdings on weakness, we feel that we have enough of a tilt towards China and see no need to increase exposure given opportunities available elsewhere," he said.
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