Confessions of a ‘China Reopening’ Bag-holder
The Blind Squirrel's Monday Morning Notes, May 15th 2023.
Summary
We have been “China Reopening” bulls year to date. It has largely been an ‘expensive’ point of view to hold but have we been saved by the famous curse of The Economist cover?
It’s less than a year since asset allocators told their clients that Chinese assets were un-investable. This is embarrass…