World Business News

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UK Fund managers bearish about prospects for Chinese economy

Zone(s): China ¦ Sector(s): Economy
[27 June 2014, CITY A.M.] By Michael Bird: UK Fund managers are unconvinced about the potential for the Chinese economy this year, and a sizeable majority expect the country’s imports and exports to get worse as the summer gets underway. In a survey conducted by Capital Spreads and seen exclusively by City A.M, two-thirds of the hundreds of fund managers surveyed expect that both imports to and exports from China will slip to a lower level in the next quarter. Another 58 per cent are also bearish about the possibility that the Chinese economy will overtake the US in size this year, with 57.2 per cent suggesting it was neither fairly nor very likely.

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