Pessimism over policy-making hurting China: Taylor

Lack of clarity in renminbi policy has undermined confidence in Beijing’s decision-making, with little prospects of a let-up in the near future, believes Deutsche Asset Management Asia-Pacific CIO Sean Taylor. In an interview with AsianInvestor, Taylor said the firm was underweight on China from a portfolio perspective, in part driven by lack of confidence in the government’s efforts to support the A-share market and RMB. China was criticised over the imposition of its circuit-b…