It may seem strange to argue that the origin of the coronavirus outbreak — China — is also a good place for investors to seek refuge from it.
Yet there a number of reasons to believe that prospects for mainland markets are attractive compared with virtually anywhere else, whether in terms of policy, macroeconomic factors or the strength of some individual sectors.
Yes, China is being hit hard, and will continue to be hit. Economists at JPMorgan estimated this week that first-quarter gross domestic product will collapse by almost 50 per cent, on an quarter-on-quarter annualised basis, citing weak January and February figures for industrial production, retail sales and fixed-asset investment.