Game on for China-focused offshore funds

Mon Sep 17, 2012


The general consensus among investors is for a slowdown that will inevitably hurt corporate earnings


"We’ve been in China for more than a decade and over that time we’ve continued to deliver excess returns through a couple of cycles"
James Liu, deputy chairman and deputy CIO, APS Asset Management, Singapore
Hold on to your hats. Even if you don’t believe the doomsayers who are forecasting a hard landing ahead for the Chinese economy, the general consensus among investors is for a slowdown that will inevitably hurt corporate earnings. "Economic growth has come down from more than 10% in the past five years to 7.8% in the first half of 2012, and corporate earnings growth is also expected to slow," says James Liu, deputy chairman and deputy CIO at the Singapore-based APS Asset Management, which was set up in 1995 and now has $1.4 billion under management.

Others agree that investors in the Chinese market are facing unusually strong headwinds today. "We...

ISSN: 2151-1845 / CDC10004H

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