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
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
|"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
Others agree that investors in the Chinese market are facing
unusually strong headwinds today. "We...
ISSN: 2151-1845 / CDC10004H
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