BlackRock’s Zhu spies light in China’s gloom

Chinese stocks may see a turning point in 2016, since the A-share crash has removed a lot of risk from the market, and reasons for optimism are surfacing about sectors such as consumer products, steel and transport, said Helen Zhu, head of China equities at BlackRock. A-shares have slumped 22% this year, falling 6.42% yesterday alone, but at least the market now poses less risk to China’s financial system than in July 2015, she noted. “2016 will be another year of volatility for…