Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Investment

Wall Street sees opportunity in Chinese market amid growing uncertainty worldwide: NYT

October 08, 2021


Abstract : Wall Street sees opportunity in the Chinese market amid growing uncertainty worldwide, according to a recent report by The New York Times.

People visit the Yuyuan Garden during the week-long National Day holiday in Shanghai, east China, Oct. 2, 2021. (Xinhua/Wang Xiang)

Wall Street believes that China is "too big to ignore," to which many investors have listened, said a recent report by The New York Times.

NEW YORK, Oct. 8 (Xinhua) -- Wall Street sees opportunity in the Chinese market amid growing uncertainty worldwide, according to a recent report by The New York Times.

"For some of the biggest names on Wall Street, China's economic prospects look rosier than ever," said the report published Wednesday, citing positive reactions of global investment banking companies J.P. Morgan and Goldman Sachs, as well as of global investment management company BlackRock as examples.

Noting that global investment companies are provided with greater opportunities in China with the country's openness, the report said "Wall Street might be right to be bullish."

A man visits a pedestrian street during the week-long National Day holiday in Wuhan, central China's Hubei Province, Oct. 3, 2021. (Xinhua/Xiao Yijiu)

"China has defied bearish predictions in the past," it said.

Besides, the United States and China still share extensive business ties, it said.

Wall Street believes that China is "too big to ignore," to which many investors have listened, the report noted.

For example, American mutual funds and exchange-trade funds investing primarily in China have held 43 billion U.S. dollars in net assets by the end of August, up by 43 percent year-on-year, it said.

China's economic growth is "still stronger than in most places," a fact which will not change overnight, it added. ■

Scan the QR code and push it to your mobile phone

Keyword: China economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial