(Bloomberg) -- Merrill Lynch & Co.'s China chairman said investors should pare their holdings in the nation, where the benchmark stock index has rallied 84 percent this year.
``Valuations are too high and it's getting out of control,'' Liu Erhfei told a private equity conference in Beijing. ``This is a good time to exit, which by definition means it's a bad time to invest.''
Read more at Bloomberg Emerging Markets News
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