Billionaire Ken Griffin Is Bullish on China. That Could Be Good News for the U.S., Too
Heading into the year, many investors were bullish on Chinese stocks because the government seemed to be winding down its "zero-COVID" policies from 2022, which included widescale lockdowns.
This set up a good backdrop for an economic rebound and in the first quarter of the year, China grew its economy by 4.5% in Q1, below its 5% annual target, but progress to be sure. Since then, economic data has been mixed and investors are not sure the recovery can sustain the momentum.
But billionaire Ken Griffin, who founded the $54 billion asset hedge fund Citadel, is more optimistic about China and actually thinks China's potential success this year could help the U.S. economy as well. Here's why.
Source Fool.com
