Investors need to pay closer attention to China
October 11, 2018 | World | No Comments|
New York (CNN Business)Investors can’t afford to ignore China.
“I think it is a really important factor for small, medium and large investors to be paying closer attention to,” Mark Howard, Senior Multi-Asset Specialist at BNP Paribas, told CNN international correspondent Paula Newton on Wednesday.
The trade war between the United States and China is already hurting Chinese stocks. The benchmark Shanghai Composite Index is down 17.6% this year. And the International Monetary Fund cut its growth forecast for China this week, saying that tariffs will hurt the country’s economy next year.