An investor monitors stock price movements at a securities company in Shanghai on September 24. Chinese stocks are attractively priced compared to those in the US, but there are still reasons to be cautious. Photo: AFP
An investor monitors stock price movements at a securities company in Shanghai on September 24. Chinese stocks are attractively priced compared to those in the US, but there are still reasons to be cautious. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Chinese stocks may be cheap but that doesn’t mean they’re a good buy

  • Sentiment has vastly improved, with investors drawn by low prices and assumptions of looser policy
  • Yet, Beijing’s regulatory crackdown, the threat of broader contagion from struggling developers and other factors should give them pause

An investor monitors stock price movements at a securities company in Shanghai on September 24. Chinese stocks are attractively priced compared to those in the US, but there are still reasons to be cautious. Photo: AFP
An investor monitors stock price movements at a securities company in Shanghai on September 24. Chinese stocks are attractively priced compared to those in the US, but there are still reasons to be cautious. Photo: AFP
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