Emerging market equities without China

May 2024

Recent geopolitical events combined with regulatory and policy changes are causing investors to re-evaluate their exposure to China.

Market-friendly policies and openness are waning, while Chinese Communist Party ideology and nationalism are growing. The odds of conflict between China and the US appear to be increasing, especially over Taiwan. Additionally, China’s economy is slowing due to the challenges posed by the three D’s of debt, demographics, and deflation.