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Asian markets from an investor’s view point have been rather underwhelming these last few years, with sentiment towards China (being 43% of the MSCI Emerging Markets Index) remaining disappointing despite relatively positive industrial production and retail sales data. The ongoing weakness in their outsized property market, a soft consumption-led recovery and geopolitics in Taiwan and the US have all weighed on sentiment. Chinese policy makers and their central bank have often cited their willingness to stabilise the economy and promote their economic strength however their measures to achieve sustainable growth has not eventuated to a level or pathway required at this point in time. |
