Wall Street changes its tune on China as DeepSeek and policy hopes win back investors: ‘Confidence does feel like it’s returned’

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"Absolutely [China] is investable,” said Jenny Johnson, CEO of Franklin Templeton, in Hong Kong on Thursday.

Economist Keyu Jin, at Milken’s event on Monday, pointed out that consumption made up just 38% of China’s GDP, “really very low compared to much more advanced economies.” She noted that there’s still “hundreds of millions of people in rural areas” without proper access to health care, education, and social security compared to urban residents.

The pessimism was reflected in equity markets: listings in Hong Kong, the traditional channel for Chinese companies looking for foreign capital, had dried up amid regulatory scrutiny.

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Article Details

Author / Journalist: Nicholas Gordon

Category: EconomyBusiness

Markets: United StatesChinaHong KongJapan

Topics: Editor's Picks Featured DeepSeek HSBC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 00:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1127 words

Reading Time: 7 minutes read

Sentences: 4 lines

Sentence Length: 282 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27392059

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