News Snapshot:
(Bloomberg) -- Noriko Honda Chen, an equity portfolio manager at Capital Group, said that investment firms need to employ people based in China to understand where to put their money to work in the country now more than ever..“China has one of the most dynamic markets, where things can change very quickly -- especially competition,” Chen said, speaking Thursday at an event sponsored by Morningstar Inc. “It’s critical to have on-the-ground resources there.” .U.S. business leaders and investors have been rattled in recent months as China’s government cracks down on sectors like technology and education. The government imposed a record...
