Veteran China Investors Bet Country Can Thrive Despite U.S. Curbs

(Bloomberg) — Long-time China investors are betting the nation is poised to recover its momentum even as tensions with the U.S. have left it uninvestable in the eyes of many in the West.

Investors including Fang Fenglei, the founder and chairman of private equity firm Hopu, and Fred Hu, the founder and chief executive officer at Primavera Capital Group, both struck an optimistic tone on the country’s long-term growth at the Milken conference in Hong Kong on Tuesday despite challenges brought on by the real estate downturn and U.S. geopolitical tensions.