GDP growth forecasts dominated Asian markets last week.

ON ASIA PACIFIC

GDP growth forecasts dominated Asian markets last week. Stocks across the region dipped on the news that China had lowered its GDP growth target.

Yet, there should not be undue concern and investors should not read too much into this cut as ultimately this has been orchestrated to achieve a higher-quality development over a longer period of time. Taking a long-term view is the best way to cope with volatility and this is the case with China as with other emerging Asian markets. As countries like China move ahead, their governments take the steps necessary to help support sustained, steady growth. We anticipated the recent announcement of a cut in Chinese GDP growth. Its government has long pursued a proactive fiscal policy and ...