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:
-- 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:
