Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance There is little reason to invest in Chinese companies right now. Political clouds, issues with Taiwan, a lack of transparency in accounting and general negative sentiment are all reasons to stay away. I've been against investing in China directly for almost 25 years. Sure, I'll trade Chinese stocks now and again. But invest in them? No way! In fact, my views on the subject have been so strong that the Chinese denied me entry to the country unless I signed an affidavit saying that I would not write anything that portrayed the nation in a negative light. But here's the undeniable thing: China is growing, and so is the country's thirst for automobiles... especially cheap electric cars. |
No comments:
Post a Comment