By Mike Dolan LONDON (Reuters) - Whether China has become
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Mike Dolan
Fear of a systemic property bust, a disappointing post-COVID economic recovery and piecemeal government supports all raise red flags over returns and performance over the near term and the yuan slide has accelerated. A third of respondents in the survey cited Chinese real estate as the biggest"credit event risk", overtaking nerves about U.S. and EU commercial real estate.
As these sorts of surveys go, there's an awful lot in there that could spell"peak gloom". Investment skews of this scale are often good contrarian indicators. But the degree to which recent seismic geopolitical risks have changed the basic risk calculus is a parallel.JPMorgan boss Jamie Dimon said this week that his takeaway from a trip he made to China this year for the first time in four years was"highly cautious", adding that the risk-reward from JPMorgan's own business there had deteriorated."The risk is bad," he said.
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