As Buffett exits, can China win back Wall Street with own brand of his winning formula?

According to a report by SCMP… China is betting that patient capital, rather than quick trades, will define its next phase of growth – a wager that has taken on new resonance since Warren Buffett stepped down last week after growing Berkshire Hathaway into a US$1 trillion empire over six decades.
And as global investors watch this week’s US-China leadership summit for any sign of easing friction, one question is whether Beijing’s version of Buffett’s value-investing legacy can help Wall Street regain its appetite for Chinese… complete report is on link below: Source: https://www.scmp.com/business/banking-finance/article/3368414/buffett-exits-can-china-win-back-wall-street-own-brand-his-winning-formula?utm_source=rss_feed