Well-known billionaire and investor Wilbur Ross of WL Ross and Co. discusses his views on China, economic slowdown, food inflation and other risks to the Chinese economy.
-- China is slowing down but its growth post-slowdown is still better than the growth expected from the Western world.
-- Real estate is stabilizing in China.
-- Loosening of monetary policy of the government also showing its impact.
-- China will have a soft landing.
-- Food inflation is the biggest concern as that forms a big chunk of poor families in China.
-- Thinks transition to the next leader will be smooth in China.
-- But during the transition period very few policy decisions will be taken in China.
Source and Credit: Reuters
Here is the video:
Also check out:
- Wilbur Ross Undervalued Stocks
- Wilbur Ross Top Growth Companies
- Wilbur Ross High Yield stocks, and
- Stocks that Wilbur Ross keeps buying
About the author:
Dheeraj GroverI am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne