Nu de kleine speculanten er toch meer en meer uitgedreven worden is het misschien tijd om terug wat meer te kijken naar de fundamentals.
Citaat:
Even as new market reforms create upheavals in China’s economy, the chief of banking giant HSBC remains optimistic about the country and the broader Asian economy.
“The fears for China’s economy are overplayed. I do not believe China will have a hard landing,” HSBC Holdings Chief Executive Officer Stuart Gulliver said Friday. “The last few months have obviously been difficult. … But volatility is absolutely natural in any market-driven economy and it should not be allowed to distract from the fundamentals of China’s journey.”
He added, “The fluctuations and stock market volatility have little or no bearing on the long-term trends around China.”
HSBC still expects China’s gross domestic product to grow by 7% this year, meeting government forecasts, and continue to outpace global growth. The government will release its third-quarter GDP report on Monday. A consensus of economists expects growth to come in at 6.8%.
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Een groei van 6.8 procent terwijl de financiële pers in het westen als naar gewoonte spreekt over een apocalyps in China tijdens de laatste beurscorrectie, of noem het 'crash' als men die behoefte zou hebben.
Ik herhaal even wat de CEO van HSBC zegt:
volatility is absolutely natural.