Aoifinn Devitt, Portfolio Manager of the City Financial Asian Absolute Growth Fund, comments on faltering economic growth in China...
“Pre-emptive moves by the Chinese government to contain inflation, via both interest rates and RRR hikes, are starting to bite. Although the investment managers that we follow would agree that it is too early to declare victory over inflation in the country.
“Latest manufacturing figures indicate that growth momentum, while more subdued than before, remains strong and they are likely to give cheer to investors who have become considerably more concerned regarding the sustainability of that growth, leading Chinese markets to lag their global counterparts over recent months.
For more: Comment: Faltering economic growth in China | Hedgeweek
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