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Why a US$1.4tn asset manager is “carefully contrarian” on China

Electric vehicle parked in Shanghai, 2022

One of the world’s top asset managers is advising clients to stay “carefully contrarian” on China, despite a gloomy economic picture in the world’s second-biggest economy. Despite the long shadow cast by China’s property sector downturn, the country is still set to benefit from local companies going global, creating opportunities in equities, according to Justin Thomson, head of international equity…

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