“All our clients are asking us that question — given how cheap China appears, people inevitably say, well, has it discounted the worst news?” Sharmin Mossavar-Rahmani, the chief investment officer of the Goldman Sachs wealth management business, highlighted this month on Bloomberg Television a question that investors around the world have been asking recently. She then provided an answer: “Our view is that one should not invest in China.” At one time, Goldman, like the rest of Wall Street, was in love with Chinese stocks. Now, it’s not. The famed financial powerhouse at this moment is facing reality. Mossavar-Rahmani is correct because China’s companies are still a horr
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