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I've been thinking about it the whole time. China is far too calculating and plays the game quite well. To be honest, if China is doing badly, it will only be more expensive for the others. When China is doing well, it doesn't get any cheaper, but China is making giant leaps towards becoming a world power.
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@KleinviehmachtMist The problem is that all economic interests are subordinated to one party or even one person in order to maintain power. Entrepreneurs suddenly disappear (Jack Ma), entire industries (gaming) are considered harmful and are strictly regulated. This has a significant impact on the businesses of two of the largest companies in any China ETF. Most investors rightly do not like such a turbulent political environment where money can disappear overnight.
There are reasons why the West is stepping up its involvement in India.