Why Wall Street cheers China, despite growing business unease

It sees opportunities and has a different view of Xi Jinping’s ‘common prosperity’ moves. It is also an increasingly lonely voice.

Wall Street now stands as an increasingly lonely voice arguing for more engagement with China. PHOTO: REUTERS

(NYTIMES) - This year has been unsettling for Chinese business. The ruling Communist Party has gone after the private sector industry by industry. The stock markets have taken a huge hit. The country's biggest property developer is on the verge of collapse.

But for some of the biggest names on Wall Street, China's economic prospects look rosier than ever.

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