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BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’
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fnlondon.comBlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks — two months after the world’s largest asset manager revealed it had placed them under review.
BlackRock’s influential Investment Institute, which generates proprietary research on the global economy, markets, geopolitics and long-term asset allocation, said on 9 May that it was downgrading Chinese assets from modestly overweight to neutral “on the deteriorating macro outlook”.
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