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
Opinion
Opinion
Macroscope
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
