The U.S., because of its business-friendly policies and the world’s deepest and most liquid capital markets, has long attracted global investors. But amid geopolitical turmoil and concern about debt, investors may be increasingly turning to China.
“When there’s a hit to the system, do you want to be with the anti-fragile or the profit-maximizing?” economist Louis-Vincent Gave asked at the Fortune Leaders Forum in Macau on Sept. 8. “This is where, increasingly, the markets are starting to diverge, where you’re looking at the U.S. Treasuries delivering horrible returns, and Chinese government bonds delivering very good returns.”
