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Don't focus too much on China, says JP Morgan AM

Chinese valuations are not yet in bubble territory, but investors should avoid confusing economic performance with stock-market returns, says emerging-markets head Richard Titherington.
Don't focus too much on China, says JP Morgan AM
Much has been written in recent months about whether Chinese stocks or property are overvalued, and a growing number of editorials and research papers seem to be coming out on the side of the bears. The strategist for the investment arm of a large Asian state-owned institution recently told AsianInvestor that they believe the country is heading for a crash. There are too many potential problems in the Chinese economy and financial markets for that not to happen at some point, she arg…
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