Journalists crowd Hong Kong press conference for J.P. Morgan¿s outlook on China markets

null | Jan 10, 2011

January 10, 2011

Journalists crowd Hong Kong press conference for J.P. Morgan’s outlook on China markets

China’s sustained growth momentum, supported by domestically-driven secular growth and favorable liquidity conditions, should continue to benefit Greater China markets going into 2011. That's the belief of J.P. Morgan Asset Management's investment experts in Hong Kong, presented to more than 50 journalists during a press conference there last week.

Speaking to reporters about the outlook for the Greater China region in 2011, Howard Wang, head of the firm's Greater China team, noted, "Despite inflation pressure, rising asset prices and policy tightening concerns, we remain optimistic about the Chinese economy as it undergoes long-term re-balancing towards domestic consumption and re-positioning towards more sustainable, higher-quality and potentially more profitable growth. We believe China will continue to deliver solid growth in 2011, with both fixed asset investments and consumption being key growth drivers."

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