Erste Asset Management

Winzer on Chinese Economy: “A Bumpy Transformation Process”

Date:

Winzer on Chinese Economy: “A Bumpy Transformation Process”

Author: Fórmate a Fondo

  1. "The transformation process in China is the reason for the weakness of the commodity prices, of industrial production, and of the emerging markets"
  2. "Chinese government bailed out the stock market with extensive interventions when the Chinese equity markets slumped in the wake of strong gains that were not fundamentally justified"
  3. "It will still take some time before the renminbi currency becomes fully convertible and it can truly assume a function of value storage for foreign capital"