China’s Economy Still Flying High: Mark Mobius
China’s economy has slowed for six consecutive quarters and exports growth is almost stagnant, but the world’s second-largest economy is still “flying” high compared to advanced economies like the United States and Europe and will do very well over the long term, said Mark Mobius, Executive Chairman at Templeton Emerging Markets Group.
Exports, while slowing, are “not disappearing,” Mobius said in an interview with CNBC on Tuesday. “They are still very, very big and I am quite optimistic China will continue to power ahead,” he added.
Mobius says a very pessimistic view would put China’s GDP growth at 5 percent for the current year, which is still “five times more than the U.S.”
“They are not landing, they are continuing to fly and chances are growth would be better than that. It'd be more like 7 percent,” he said.
Faltering demand from China’s two biggest customers – the European Union and U.S. – caused Chinese exports to post just one percent growth in July from a year earlier, the poorest howing since January, when exports fell. A Reuters poll had expected exports to grow 8.6 percent in July.
Posted: 05/19/2013 12:24:00
Posted: 05/17/2013 08:09:00
Posted: 05/09/2013 02:52:00
CIO Midmarket Summit
LOCATION: Miami, FL - A forum for innovative technology leaders in the midmarket segment. June 2-4, 2013 For more information...Jun 2, 2013
Northwest Middle Market Conference
LOCATION: Seattle, WA - The annual conference is the largest of its kind in the Northwest and has becomeAug 1, 2013
Middle Market Americas Conference 2013
The middle market is the growth engine of the future for economies in the Americas. While this segment is alreadySep 13, 2013
Midsize Enterprise Summit West 2013
LOCATION: Phoenix, AZ || Today’s Midsize Enterprise CIOs are tackling their toughest challenges ever in face of a tech landscapeSep 22, 2013
National Summit for Middle Market Funds
The Summit offers a unique environment to connect with fund managers, limited partners, investment bankers and select service providers overOct 13, 2013