Veritas' Ezra Sun has rebutted claims the Chinese economy is in for a hard landing despite concerns debt problems in Europe and the US will have a domino effect across the world.
Although he admits growth in the region is slowing and markets are set for a mid-cycle correction, the manager of the £696m Veritas Asian fund said investors will soon realise Asian markets will set themselves apart from the problems in the West. Sun said: "We remain unwavering in our conviction that the extreme views of a Chinese hard landing and Chinese runaway inflation are both flawed. We do believe that growth is slowing - in fact, Deutsche Bank estimates China's GDP growth on a seasonally-adjusted basis is 8.7% in the first quarter and probably slowing to 7.5-8% in the second quart...
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