Chinese business & finance updates
Sign up to myFT Daily Digest to be the first to know about Chinese business & finance news.
The writer is group chief investment officer at Amundi Asset Management
Chinese stocks have had a tumultuous year as a wave of tighter regulation has shaken technology, education and gaming stocks.
Yet, the big picture appeal of China for investors remains unaltered. Individual stocks have suffered grievous sell-offs and the faith of some foreign investors has been tested by the sector crackdowns.
But assets in China will regain their allure once they are viewed in the context of how Chinese monetary policy is evolving compared with what is happening in the US.
Financial markets in the US remain propped up largely by central bank liquidity, which can no longer be relied upon as inflation gathers pace. The uncertainty over how this dynamic will end will increasingly hang over US growth stocks.
In contrast, we…