Deutsche Bank lists favorite sectors in China |
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issue time:2007-03-10 08:12
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Jan. 31, 2007 (China Knowledge) – Deutsche Bank listed the banking, infrastructure, health care, consumer goods sectors as favorite sectors for its 2007 China investment strategy. Jun Ma, the global banking giant’s chief economist of Greater China and Head of Macro Strategy for China and Hong Kong, estimated that China's investment activities in the first half of 2007 will rebound, the deceleration in export growth will be slower than expected, and companies’ profitability growth will remain strong. Ma added that the H-share index is likely to rise by more than 15% by the end of 2007. However, he warned that in the near-term, the Mainland stock markets would be undergoing correction. This is because regulators are likely to be tightening liquidity control, raise interest rates and issue risk warning to control inflation and cool the over-heated A-shares market.
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