China’s leaders are veering away from super speedy industrial expansion, and learning more toward a sustainable form of development. So what does this mean for Chinese stocks and exchange traded funds (ETFs)? Could we see a slowdown in their performance? Or will investors find this even more attractive than the quick growth?
China’s economic planning agency issued restrictions on foreign investment in real estate and other industries. This is only the start of a list of measures aimed at re-balancing the economy, reports Elaine Kurtenbach for Associated Press. There is a long list of revised rules set to be implemented on Dec. 1 that imposes bans on foreign investments such as golf courses, gambling, genetically modified crops, traditional teas, film productions and weapons manufacturing.
As part of the turnaround, China is welcoming foreign investment in environmentally sound and clean industries, as well as environmental protection. Illegal businesses such as processing of ivory and tiger bones will also feel the reins tighten.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.