Agnes Deng, investment manager of the Baring Hong Kong China fund, looks at the prospects for the global powerhouse.
China’s economy enjoyed a vigorous expansion in 2009 and growth remains robust. According to its July 2010 World Economic Outlook Update, the International Monetary Fund (IMF) expects China’s economy to grow by 10.5% in 2010 and 9.6% in 2011. In contrast, the IMF predicts that leading Western economies will experience comparatively sluggish growth this year and next. According to the IMF, the US economy will expand by 3.3% in 2010 and 2.9% in 2011, while the UK economy is expected to grow by just 1.2% and 2.1%. Despite its superior economic growth prospects, China’s equity market has bee...
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