Janus Henderson's Sat Duhra: A postcard from China

Chinese economy is struggling with overcapacit

The Covid-19 pandemic is far in the rearview mirror for most of us, but for Chinese businesses and consumers, its economic after-effects linger.

Lockdowns in 2020 through 2022 brought China's era of rapid growth to a sudden, crashing end. The change has been aggravated by a fraught geopolitical context, which could get worse in a US election year. Value Partners Group's David Townsend: Unlocking the potential of China's A-share market However, the transition had been partly forecast, and the government made some plans to manage its impact. Most notably, the 'Made in China 2025' initiative sought self-sufficiency in future supply chains, like semiconductors. It also attempted to take heat out of the overinflated proper...