As Buffett exits, can China win back Wall Street with own brand of his winning formula?

AI Summary

China aims to emulate Warren Buffett's patient capital investment style to renew growth and attract Wall Street interest amid US-China tensions. The strategy's success is anticipated alongside the US-China leadership summit highlighting potential easing of frictions.

China is betting that patient capital, rather than quick trades, will define its next phase of growth – a wager that has taken on new resonance since Warren Buffett stepped down last week after growing Berkshire Hathaway into a US$1 trillion empire over six decades. And as global investors watch this week’s US-China leadership summit for any sign of easing friction, one question is whether Beijing’s version of Buffett’s value-investing legacy can help Wall Street regain its appetite for Chinese...