Chinese equities keep falling ever lower as Xi Jinping appears far more focused on achieving Covid Zero as opposed to kickstarting their flagging economy. Value might feel on offer but if the country goes back into total lockdown it’s hard to know how much economic damage will be inflicted – well over 200 million people are already back in lockdown.
- We cannot get excited about Chinese stocks until we see the Communist Party refocus its attention on their economy.
MM is neutral Chinese equities
