Finance & economics | Buttonwood

Can foreign investors learn to love China again? 

Wall Street still needs more to coax it back. But non-American firms may be ready to return

Illustration of a large blue dragon with a city skyline in its jaws, held open by a silhouetted figure as blue threads unravel. Three small figures observe from above
Illustration: Satoshi Kambayashi
|4 min read

FOR CHINESE stocks to outperform American ones is rare enough. But this year the MSCI China index has beaten its American equivalent by an impressive 20 percentage points, on the back of excitement about cutting-edge tech firms such as DeepSeek and Manus AI. American shares, meanwhile, have been weighed down by worries about a bellicose Trump administration and the danger of a slowing economy.

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This article appeared in the Finance & economics section of the print edition under the headline “In the red”

From the March 29th 2025 edition

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