China’s Recovery Downplayed by Country’s Premier (Bloomberg)
Investors who’ve taken China’s recent uptick in manufacturing and production as a green light for getting back into its investment market may want to pump their brakes first. In fact, caution was recommended by one of the world’s top authorities on China’s economic performance: Premier Li Keqiang. At the World Economic Forum in Dalian, China he told attendees, “The foundation of an economic recovery is not solid yet with many uncertain factors.” If the Chinese Premier isn’t certain of his country’s economic footing, that’s a pretty good reason to keep your wallet in your pocket, and wait until later to buy China-based shares.
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