U.K. fund manager has no plans to invest in China 'anytime soon'

GDP-stock market disconnect makes China a 'terrible' investment destination

20231226 Lujiazui financial district

International investment banks are increasingly shifting their attention to other markets in Asia besides China, but there are none that offer its sheer size. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- While top global banks were anticipating a bull run for the Chinese market at the start of 2023, European asset manager Jupiter chose to stay on the sidelines, a decision that helped it avoid the disappointment that followed the country's weak post-pandemic recovery.

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