Investor Baillie Gifford bets on China in a post-coronavirus world

People visit China Telecom’s booth during 2019 World 5G Convention at Beijing Etrong International Exhibition & Convention Center on November 21, 2019 in Beijing, China.

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BEIJING — Global investors are stepping up their bets on Asia, particularly China, regardless of the coronavirus pandemic’s shock to growth or growing geopolitical tensions. 

Just this week, Edinburgh-based investment partnership and early Tesla backer Baillie Gifford announced it is increasing investments in China with the expansion of its first overseas office in Shanghai.   

“We believe that China’s business model, innovation, has great strength, and will attract global development, so we think the Chinese market is a great opportunity,” Amy Wang, head of China for Baillie Gifford, said in a phone interview Thursday, according to a CNBC translation of her Mandarin-language remarks.

The investment firm is recruiting locally in Shanghai, and three directors will join the office, Wang said. Looking ahead,

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