Investors Should Abandon Wishful Thinking on China

[Epoch-Times-Bot]

Investors Should Abandon Wishful Thinking on China

Commentary
Western investors have been very patient, and even persistent, in believing for decades that China will be the new frontier, the investing "holy grail," even.
After decades of investment and engagement with China, however, the country's ruling Chinese Communist Party (CCP) has not become more democratic. Now that the 20th Party Congress has come and gone, it's clear that the regime has become more insular. Xi Jinping's grip on power is now tighter than ever. The government is more authoritarian and top-down than ever before. Its policy direction? Harder to read than at any time since the 1970s....

Source: Investors Should Abandon Wishful Thinking on China

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