Chinese stocks’ banner year is failing to persuade major foreign investors like big hedge funds.
They’re wary for reasons including China’s slowing economy, growing debt and history of market crashes. There are fears, too, of a U.S.-China trade war.
Others say they are finding surer, if less dramatic, gains closer to home—from U.S. stocks, for example, up 5.1% in 2017.Risk Warning:
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