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Seeking shelter from trade war, fund managers bet on China's consumers
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Seeking shelter from trade war, fund managers bet on China's consumers
SYDNEY/HONG KONG (Reuters) - China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. It is also a vote of confidence in Beijing's aggressive policy response to a festering Sino-U.S. trade standoff which has hurt its economy, unsettled world financial markets and triggered fears of a global recession. Paradoxically, for China, the rising U.S. import barriers have an upside as they inject impetus to the shift in its economy from an investment-driven growth model towards one led by consumption and services.
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