Foreign asset owners stay on China’s sidelines as growth outlook dims

Despite attractive valuations, offshore asset owners stayed on China’s sidelines due to macro woes, unclear growth drivers, and regulatory headwinds.  Before a clearer recovery path emerges, they are in no rush to re-enter the world’s second-largest economy for the remainder of 2023, executives said.  “For China investment, there has to be regulatory certainty on entry rules, clarity on sector regulation, and also where the economy is going,” said Tuck Meng Yee, chief investment…