Commentary If you happen to be a businessperson, and you happen to be an American citizen, and you find yourself close to investing in China, you might want to think again. That’s the opinion of Jeffrey Gundlach, an investor and businessman who founded DoubleLine Capital LP, a highly reputable investment firm. In an interview with Yahoo Finance, the New Yorker, who’s worth somewhere in the region of $2.2 billion, called China “uninvestable.” Asked if he has ever invested in the communist nation, Gundlach responded, “never.” Why? He doesn’t “trust the data,” nor does he “trust the relationship between the United States and China anymore.” And for good reason. Relations between Washington and Beijing are at an all-time low. Gundlach believes that “investments in China could be confiscated.” Wise words. Too bad, then, that so many of America’s wealthiest and most influential businesspeople choose to ignore them. For years—and in some cases, decades—they have …
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