- Chinese growth seems to be stabilising around 7.5%.
- Chinese debt levels have risen rapidly, but from a low base and the authorities are trying to slow it down.
- While the Communiqué of the much anticipated 3rd Plenum was vague as usual from such events it is clear China is heading towards more reforms to increase the role of market forces as a means to unleash growth rather than more fiscal and monetary stimulus which runs the risk of being unsustainable.
- Chinese shares remain cheap pointing to the prospect of good medium term returns.
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