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Wall Street’s new love affair with China

Wall Street’s new love affair with China

At a time of growing geopolitical competition, US and European investment firms are plunging into the Chinese market.

China, which by one measure now has more billionaires than the US, is opening its doors wider than ever to foreign firms. AP

When the Biden administration announced a fresh investigation into the origins of the coronavirus outbreak in Wuhan on Tuesday, the Chinese reaction was swift and furious.

Zhao Lijian, foreign ministry spokesman, accused the US of “political manipulation” and of “stigmatising” China – the sort of regular spat that has prompted growing comparisons to the Cold War.

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Financial Times

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Original URL: https://www.afr.com/world/asia/wall-street-s-new-love-affair-with-china-20210530-p57wf4