David Li Daokui tells investors to cheer up

The former PBoC policy committee member and Tsinghua academic argues that global investors are too gloomy about China’s financial situation.

“You are too pessimistic about China,” an audience of global portfolio managers were told after estimating the renminbi would depreciate 3%-5%, or more, against the US dollar over the next 12 months.

¬ Haymarket Media Limited. All rights reserved.

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