Unhedged The case for China
31 snips
Mar 11, 2025 
Ruchir Sharma, a columnist for the Financial Times and a seasoned investor at Rockefeller Capital Management, explores the changing landscape of Chinese investments. He argues that China isn't uninvestable and highlights promising opportunities in large tech stocks. The discussion also touches on the rise of Chinese equities and how recent government interventions have shifted investor sentiment. Sharma shares insights on the implications of a weakening dollar for emerging markets like China and Vietnam, emphasizing strategic shifts in investment focus.
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China's Investability
- Ruchir Sharma, despite being bearish on China's long-term growth, argues against the extreme view that China is entirely uninvestable.
- He highlights that substantial gains were made in Chinese tech stocks not included in standard benchmarks like the CSI 300.
Chinese Equities Surge
- The recent surge in Chinese equities is partly due to renewed investor interest after China announced stimulus measures and actions by Xi Jinping.
- Some view these actions as positive signs, while others see them as merely cosmetic fixes.
Investing in Chinese Equities
- When investing in China, focus on shareholder-friendly companies that are less likely to dilute equity and offer decent dividend yields.
- Consider a mix of these companies along with high-dividend-yielding state-owned enterprises (SOEs).