|
Benedicte Gravrand, Opalesque Geneva: Much ink has flowed on the subject of China lately. Here are some recent commentaries from Marc Faber, Nouriel Roubini, and Didier Saint-Georges.
Marc Faber: firms doing business in China will suffer
Marc Faber, publisher of "The Gloom, Boom & Doom Report," said global markets have realized China’s economic weakness is more dismal than "optimistic" fund managers and strategists expected, reports NewsMax.
"An economy like China is not like a car where you just drive around the corner," he told Fox Business Network last week. "The Chinese economy cannot be stimulated meaningfully for the time being—it will take time." And any negative news out of China will eventually hurt U.S. companies, he said.
For long-term investors, there are still opportunities to seize, he told Swiss daily Le Temps. Although he recommends not investing in emerging Asia for the moment, as this part of the world depends on China.
The most attractive investment destination is Vietnam, he added. The country’s direct investments, exports and GDP show that it is healthier ...................... To view our full article Click here
|
|