China Sale

摘要

How investors interpret recent events in China and incorporate them into their thinking could have a lasting effect on their disposition toward Chinese equities and their ability to participate in the nation's growth. Investors would be wrong to write off China and lump it into the bin with the other flagging BRIC economies. Arguably, it never belonged in the BRIC camp. Any attempt to reckon with China's current economic and financial market malaise has to account for intangible factors such as the country's diplomatic and economic clout, its ability to translate structural reforms into short-term economic growth and its commitment to opening up its financial markets to greater foreign investment.