China fears greatly exaggerated, says Aviva

Original article by Ruth Liew
The Australian Financial Review – Page: 30 : 16-Feb-16

The Chinese sharemarket was resilient on 15 February 2016, despite concern that it would fall sharply when trading resumed after the week-long holiday for the Lunar New Year. Meanwhile, Aviva Investors CEO Euan Munro has downplayed concerns about the outlook for the Chinese economy, noting that it is still growing despite its shift from a focus on commodities. However, he says the yuan could potentially fall by 15-20 per cent against the US dollar in the next several years.

CORPORATES
AVIVA INVESTORS, AVIVA PLC, STANDARD LIFE INVESTMENTS LIMITED, PEOPLE’S BANK OF CHINA, RESERVE BANK OF AUSTRALIA, SHANGHAI COMPOSITE INDEX

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