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By Raheel ALTAF, co-manager of the Artemis Funds (Lux) – SmartGARP Global Emerging Markets Equity
Investment strategists started the year expecting a post-Covid economic boom in China. It failed to appear, but could their predictions be about to come true?
The data coming from China this year has been truly disappointing – rising youth unemployment, underwhelming growth in retail sales and industrial outputs, a slump in exports and a real estate crisis. Yet much of this has been self-inflicted – part of a plan by the Chinese government to deflate the property bubble and ensure growth is sustainable. Ultimately, that should be welcomed. Investors approve of macroprudential measures to de-risk the economy. They cannot then complain at the...
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