Global investors confident in China’s growth
Chinese equities have become even more attractive to global investors as the nation’s robust economic recovery backed by a strong domestic market provides a stable and predictable environment amid COVID-19-related global uncertainties, top asset managers said.
BlackRock, the world’s biggest asset manager, with $9.01 trillion under management, is favoring Chinese equities that benefit from accelerating domestic consumption and other long-term trends, while having added investment in some upstream sectors like energy since the fourth quarter of last year, said Lucy Liu, a portfolio manager at BlackRock.
The New York-based fund management giant believes that a steady recovery in China’s domestic demand will shield the country’s economy from rising global uncertainties surrounding COVID-19, after the total global number of new infections reached the record high of 5.2 million last week.
Global investors confident in China s growth
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Global investors confident in China s growth
ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.
Simple, smart ways of closing gender gap in finance By Zhou Lanxu | China Daily | Updated: 2021-04-12 09:16 Share [Photo by LI MIN/CHINA DAILY]
As a female financial journalist, I think I m naturally drawn to any new developments or events that signal women are closing the financial gap with men.
So, it was disappointing to note a couple of recent surveys that revealed the gap might not close any time soon.
It transpires that Chinese women are more conservative than men in investing and forecasting future financial wellness.
These findings seem to feed the rising concerns that the COVID-19 pandemic is widening gender inequality globally.