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Aug

07

China’s Debt Crackdown Gets a Big Shrug From Global Investors

By Tony Seruga

Xi’s leadership conclave has guaranteed economic stability
Harvest Global Investment lifted allocation to China stocks

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The Chinese leadership has this year made its strongest commitment yet to curb financial risks and rein in spendthrift local officials, yet the campaign has spurred barely a ripple of concern among global investors.

In a recent survey, China hardly registered on the list of dangers eyed by fund managers and strategists that could threaten the “Goldilocks” boom in stocks and credit around the world. That’s a big change from two years ago, when a surprise devaluation of the yuan spooked markets, all the more because it came just weeks after China’s equity bubble had started to burst…

China’s Debt Crackdown Gets a Big Shrug From Global Investors

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