Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

IMF still see bright future for China

by Tony Sagami on October 10, 2008

in Asian Market, Consumer Credit News, Housing Market, Stock Market in China

Dominique Strauss-Kahn, the head of the International Monetary Fund, is still verypositive on China.

“It would be very surprising if a power like Chinawould just be looking at the crisis from a balcony without being very concerned. Nonetheless, (China’s) rate of growth will remain very high.” 

I agree. China will lose a point or two ofannualized GDP growth because of the credit crisis but should still grow by 7-8% thisyear.

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