As Western markets teeter on the brink of another recession, all eyes are on Asia. But which country offers the best value?
CHINA Michael Konstantinov, manager of the Allianz RCM BRIC Stars fund I believe China presents a strong buying opportunity for long-term investors who are comfortable with short-term volatility. While China will not be able to save the world on its own, it is still in a position to counterweight the developments in the West to some extent at least. Although economic growth in China has slowed, this was largely caused by deliberate monetary and fiscal tightening measures in order to keep inflation contained and prevent overheating. Consequently, coming out of a tightening envi...
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