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Global investors confident in China s growth | Hellenic Shipping News Worldwide

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.

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