News Snapshot:
Most analyses of the Chinese economy belong to one of two types: those that come from the venture capital industry and those created by think tanks. The venture capitalists are pessimistic about the Chinese economy’s short-term prospects: as Lu Wang & Elaine Chen note in a Bloomberg article published Sept. 4, data compiled by Goldman Sachs Group Inc. shows that U.S. hedge funds are reducing their exposure to U.S. companies that rely heavily on China for their business. “Hedge funds that make both bullish and bearish wagers on stocks are slashing their exposure to American companies that lean heavily on...
