Goldman Sachs' Chief Investment Officer for wealth management advises against investing in China due to economic concerns.
Goldman Sachs' Chief Investment Officer for wealth management, Sharmin Mossavar-Rahmani, has advised against investing in China due to economic concerns, including a steady slowdown in the economy, lack of clarity in policymaking, and patchy economic data. Mossavar-Rahmani also questioned the accuracy of China's officially reported growth rate and expressed doubts over the country's real estate sector. She advised clients not to invest in China at this point.
March 04, 2024
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