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Credit Suisse turns positive on China, but warns of persistent debt levels

Lim Hui Jie
Lim Hui Jie3/31/2022 10:25 PM GMT+08  • 8 min read
Credit Suisse turns positive on China, but warns of persistent debt levels
Is it time to head into the Chinese market? Maybe, but Credit Suisse warns investors of the debts that Chinese companies hold.
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Investors, confounded with a grow­ing list of uncertainties, are not in a gambling mood. Many prefer to stay on the sidelines and let the volatile and uncertain mix of geo­politics, pandemic, surging inflation, supply chain woes and the likes wear themselves out before they risk addi­tional capital.

According to Credit Suisse, market sentiment is now “highly depressed”, and the bank has turned “structurally more cautious” on equities.

Nevertheless, Credit Suisse is still broadly positive about prospects for Asia. For one, it recently upgraded its rating on China from “market weight” to “overweight”.

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