Beijing traffic busy intersection whistles. Broad Street filled with shiny new limousine. Although global concern prompted this year Asian market growth has slowed down and become erratic, but China's dramatic development is expected to contribute to the long-term prosperity of Asian market. Although outside worried that China's economy and real estate market development is overheating, but this is still difficult to stop investors flocked into, especially when the stock is in low position.
Matthews China Fund and Matthews Pacific Tiger Fund Investment Manager Richard-high said: "in the mid-1990s the Chinese people is very difficult to imagine owning a car. But in the last year, due to revenue growth and middle-class forces increasingly large, China is the world's automobile production in the countries with the highest, but domestic car ownership rates remain at low levels of 5%. "Mr. forecast, from high consumption growing to benefit Asia company will focus in everyday consumer products, non-essential consumer goods, finance and information technology industries. Korea's Samsung Electronics, LG and modern automobiles had previously indebted businesses has become the world's most profitable companies.
Fidelity Southeast Asia Fund Manager Collins · Chico Mills said: "as China from cheap commodity assembled into products and services to consumer countries, its importance for the entire Asian region are increasingly prominent. "Asian companies from the consumer to benefit growing countries such as Thailand's coal producers, Singapore banks, etc. He said: "I expect that China's economic growth will remain a fast paced, and the United States, Europe and Japan and other developed markets will continue to reduce the dependency. "Morningstar senior Fund Manager Bill · Locke said:" China and Asia in the future has a bright future, China's presence will become increasingly important. ”
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