China’s savings rate hurts model for growing investments — PAG chair
Looking at the Chinese economy, alternative investment firm PAG doesn’t look at the trendiest sectors as investment opportunities. Instead, when the Hong Kong-based manager sees them, it knows “which sectors to avoid,” said Weijian Shan, executive chair. “Let’s say that whatever sector is hot, we typically stay away from because China is a capital-rich country,” he told attendees at the SALT iConnections New York 2024 conference on May 20. Shan described the country’s savings rate as “on a league of its...
