Credit Suisse CIO says has “day-by-day, week-by-week” approach to China -Breaking
LONDON, (Reuters) – Credit Suisse (SIX.) Michael Strobaek is the global chief investor officer. On Monday, he said that China was his priority and that he would continue to be cautious in emerging markets.
Strobaek stated that he would wait and see how emerging markets develop, at the Reuters Annual Investment Outlook Summit.
He said that he would approach China day by day, week by week, and see how it is doing on both the default side as well as the policy side. This was in reference to China’s huge corporate debt.
“Only when I have real opportunities to make a difference, would I go back in.”
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