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Kyle Bass says investing China is a bad idea now, "profits are not going to westerners"

Kyle Bass is founder and principal of Hayman Capital Management, and he is not keen in sinking investment capital into China at present. He spoke with financial media in the US on Wednesday, highlights:China is allocating resources to state-owned enterprisesChina is moving away from a market-based approach and moving to a party-based approachAll the profits are going to management and the party. It’s not going to westernersWestern companies face a swath of legal uncertainties, referring to China... Read More

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Posted: Aug 24 2023, 01:18

Author Name: forexlive

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