China property now a 'buy': BlackRock

Singapore

AS China transitions from an old investment-fuelled economy to one that is services-oriented, BlackRock head of China equities Helen Zhu is beating the drums for a distinctly old economy sector: property.

"Most people hate Chinese property. We're putting our neck out there and saying, you know what, it's all in the price, and in fact the delta of change is very positive," Ms Zhu told The Business Times on Monday.