Raymond Chan, CIO, Equity Asia Pacific, and portfolio manager on the Asia Pacific Equity fund at Allianz Global Investors, has said the only way to be bullish on Asia is to believe in the region's reform stories.
Speaking at the group's media conference Return Opportunities in a World of Rising Risks, in Frankfurt, Chan (pictured) said Asia is going through a transformation towards reform and a stronger focus on domestic consumption. He highlighted India and Indonesia as countries which are "accelerating" thanks to structural reform and insisted that China is not going to collapse, but is simply seeing slower growth. He said: "I have said many times China is not going to crash. It is just experiencing slower growth which will hopefully mean sustainable growth - that is what this country needs....
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