No banking crisis for China

Livewire Exclusive

Livewire Markets

Robert Swift, Head of Global Equity Strategies at Tamim Asset Management is in the camp that believes that Chinese policy makers have been misunderstood. “Chinese policy makers are trying to rebalance the economy towards a much more stable diversified structure whereby domestic demand / consumer demand pick up the slack from an inevitable decline in net exports…As we look at China in terms of its budget position and the level of indebtedness in the economy, there will be no banking crisis in China...This is a hiccup and a buying opportunity on the path to full global citizenship.” This rebalancing of the Chinese economy will be beneficial to some and detrimental to other sectors of the Australian economy. Swift sees coal producers continuing to struggle as China lifts its expenditure on alternative energy and favours domestic producers. The rebalance may present opportunities for Australian retailers and financial services companies. Watch the video below to find out which Australian public company in the retail space Swift likes.


1 stock mentioned

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment