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Investors don’t understand just how important China is for European stocks, asset manager says

March 1, 2019

Via: CNBC
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Investors don’t seem to understand the importance of China’s economy for European stocks, particularly for Germany and Northern Europe, according to Philip Saunders, co-head of multi-asset at Investec Asset Management.

Speaking to CNBC’s “Squawk Box” on Wednesday, Saunders said that Chinese demand has “been a very significant driver of growth” for those shares over the last few years. And, when that demand slips, it’s led to declines.

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