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  • News From Press Beaten-down China funds may not be good value-buying bets

    Beaten-down China funds may not be good value-buying bets

    Source: Moneycontrol Jan 18, 2024

    At the start of 2023, it was widely believed that the Chinese economy, and, by virtue, global funds that invest in China, would see a rise in their values after the country scrapped its zero-COVID policy and opened its doors.

    But a series of crises made headlines in China and the year ended pretty badly for it.

    As per a Reuters report, China stocks fell sharply on January 17 after data showed that China's economy grew 5.2 percent in the fourth quarter from a year earlier, missing analysts' expectations slightly.

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