It is the policies that matter to the market. Capital market needs to function independently without being instructed to go up by central bureau. Few of the things that has happen recently like Didi , Ant, private tutoring, data security and control of Alibaba, Tencent etc are re-enforcing government control rather than free enterprise. Nobody denies China has huge market and potential, but for it to keep developing it needs capital and technology which will follow. All the technology has come from USA, Germany, Japan. It also needs to adhere to world trading rules and regulations. With all these issues over hanging I can understand why investors are selling off. In this context should MFG sell off and get out of the Chinese market?
MFG Price at posting:
$43.93 Sentiment: Buy Disclosure: Held
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