Bloomberg reports that US lawmakers have introduced a bill to bar US mutual funds from investing in indexes that track Chinese stocks. This is not the same as funds retreating from active direct investment in the Chinese market as a matter of choice, which was what had happened with my US-based China fund.
This evolving issue demands attention from anyone engaged with Chinese businesses. While it may seem distant for many, its repercussions are extensive and cannot be overlooked.
The US has long been entangled in a covert economic battle with China, which has caused considerable inconvenience for businesses. Yet, the situation has now undergone a significant shift.
