A recent visit to Beijing proved to be an opportune moment to look at the reality of life in the world's second-largest economy, despite a background of doom-laden headlines about trade wars and economic slowdowns.
In reality, China is significantly less vulnerable to a US trade war than at any time in the past 20 years. Not only is it becoming a service-led economy, but the importance of the US as an end market...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective