In The Telegraph, Philip Ehrmann, Manager of the Jupiter China Fund gives his opinion on the future of the Chinese economy:
The country, home to 1.3 billion people, is on a rapid growth path, with GDP having grown by 11.4 per cent in 2007. We expect this economic momentum will be sustained over the next few years, during which time China will host the Beijing Olympics and the Shanghai World Exposition in 2010.
The global equity market turmoil and concerns over rising inflation in China have affected Chinese equities since October. However, I am confident that the market will rebound in the medium term, as China’s strong economic growth and its continuing reform process are enhancing many companies’ earnings prospects.
