NEW YORK -- American and European institutional investors, including pension funds, are moving away from Japanese stocks and accelerating a shift into Chinese companies, as China stages a faster recovery than the rest of the world from the COVID-19 pandemic.
Markets
US and European funds step up investment in Chinese stocks
CalSTRS says Alibaba and Tencent now among its top 10 equity holdings
Wall Street investors are increasing Chinese holdings as the country bounces back quickly from the pandemic. © Reuters
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