BlackRock cut Chinese equities to neutral from overweight – China property sector a drag

<p>Via the latest note from BlackRock Investment Institute, which covers a wise scope, this on China and Chinese shares. I've bolded the more encouraging bit:</p><ul><li>We … cut emerging market (EM) stocks, including Chinese equities, to neutral from overweight as China’s
property sector remains a drag even with growth showing signs of stabilizing</li></ul><p>That's about for the good China news in the note though. More:</p><ul><li>China’s restart is losing steam and we don’t see valuations compelling
enough to turn overweight</li><li>see only limited policy
stimulus from China</li></ul><p>In the screenshot the black dot is the 'previous' view:</p><p>Also, this:</p><ul><li>Geopolitical fragmentation, like the strategic competition between the U.S. and China, is set to rewire global supply
chains</li></ul><p>–
</p><p>
The BlackRock Investment Institute is an arm of U.S.-based investment firm BlackRock that provides proprietary investment research.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.