In an interview, Gundlach, the chief executive of DoubleLine, the new “bond king” of the United States, said that he did not believe in China’s data and that investment in China might be confiscated, which is risky.Picture: Retrieved from Yahoo Finance Twitter
“China cannot invest”! In an interview with Yahoo News in the United States, DoubleLine CEO Jeffrey Gundlach, who has the new title of “Bond King” in the United States, pointed out that China is currently uninvestable. He said that he did not believe in (Chinese) data. , Do not believe in the relationship between the United States and China, investment in China may be confiscated, which is risky. Therefore, whether it is long-term or short-term, he believes that China is not a good investment target.
The American bond magnate blew himself up during an interview at his California estate. He himself has never been long or short in China. why? “Because I don’t believe in data,” he has never invested in China, either in the long-term or in the short-term. Gundlach advises investors to think twice before investing money in the Chinese market.
Gundlach said that he no longer believes in US-China relations, and believes that investments in China may be confiscated, “I think there is such a risk.”
The report pointed out that Gundlach’s concerns have been confirmed because China’s continued suppression of the operations of large social networking companies, including Didi, has caused Didi to plan to delist from the New York Stock Exchange; and the Chinese government has also cracked down on it. Educational groups, including tutoring companies, caused the share price of tutoring companies to plummet by 95% in 2021.
Regarding future investment, Gundlach is increasingly optimistic regarding emerging markets, but emphasizes “except China”. He believes that China is no longer an emerging market.
He has never invested in China, either long-term or short-term. Gundlach advises investors to think twice before investing money in the Chinese market.
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