Analysts dismiss Chinese speculation

High Chinese stock market valuations are leading to speculation on the position of the Asian giant b...

High Chinese stock market valuations are leading to speculation on the position of the Asian giant but analysts say fears are unfounded. Greg Kuhnert, manager of Investec Asset Management’s Asia fund, holds a positive mid to long-term view for China and predicts a stable year for its markets. “Chinese authorities are attempting to steer economic growth away from an exports-focus which has led to trade surplus, toward a more balanced consumption-based growth. Although, whether they do succeed in this is another question,” he adds. Kuhnert expects political stability on the back of prep...