Emerging Markets Pay Off for Morgan Stanley Assets

The video discusses the recovery of Asian developing markets after a slump in January, highlighting increased investor confidence due to stabilized commodity prices and a slower rate hiking cycle. It details Morgan Stanley's investment preferences in India, Indonesia, and the Philippines, focusing on telecommunications, developers, and utilities. The video also covers Morgan Stanley's cautious approach to China, reducing exposure due to rising defaults and high valuations, preferring centrally owned enterprises and blue-chip companies.

What are the reasons for Morgan Stanley's cautious approach towards China?

How have the economies of certain provinces and municipalities in China been affected recently?