News Snapshot:
For long-term investors, the famous ‘tortoise and the hare’ fable is a useful reminder that the stock, sector or country racing ahead today may not be the winner tomorrow. This has been true of the performance of Chinese stocks vis-à-vis Wall Street at nearly every juncture over the past 30 years, perhaps surprisingly, given China’s surge to global economic and financial powerhouse status in that time. With economic, trade, and geopolitical relations between the two superpowers at their lowest ebb in decades, investors are more attuned than ever to the risks of putting their money in China for the long...