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BNP Paribas Asset Management

2023 Top 500 ranking: 34

China’s policy pivot favours Asia credit

China’s policy pivot favours Asia credit

Faced with slowing economic growth, we believe Beijing has shifted its focus away from tackling the country’s medium-term structural problems. The priority now, in our view, is supporting the economy, including the debt-ridden property sector where construction activity and property sales slumped after the imposition of stricter controls.

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