BlackRock is wary on Chinese equities - measured policy support is not enough ...Middle East

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Blackrock comments on China echoing broader market views:The People’s Bank of China has been cutting rates but it’s not in the same boat as the Fed. It’s facing weak consumer demand, excess production capacity and deflation – based on broad measures of inflation – that could become entrenched. The lack of fiscal and other policy support casts doubt on if the economy will hit this year’s growth target. Export activity has been supporting growth, so it will be key to watch for any signs of weakness. In Chinese equities:valuations are low relative to other regions but given the tough macro outlook, we prefer developed market equities over emerging markets and China. We are neutral. We see risks

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Last updated : 17 September 2024 clock 05:25 AM

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BlackRock is wary on Chinese equities - measured policy support is not enough ...Middle East

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