New investment potential rises amid stable growth
Print Edition
CHINA’S economic growth will be stable this year, with investment opportunities likely to emerge in digitization, technological innovation and consumption, experts told a forum over the weekend.
China will remain a center of manufacturing for the world despite companies relocating their factories in other parts of Asia, Francisco Aristeguieta, Asia-Pacific CEO of Citigroup, said at the CEIBS Private Wealth Investment Forum, co-organized by University of Virginia’s Darden School of Business.
He is confident of China playing a leading role in digitization and globalization.
Companies, including Citigroup, are scouting for Chinese partners when they implement their digitization strategy, and China’s embracing attitude in the digital era creates numerous opportunities in the market, Aristeguieta said.
Zhu Haibin, chief China economist of JPMorgan, said China’s gross domestic product is likely to grow 6.6 percent this year, 0.1 percentage points higher than the government’s official target. Zhu also forecast China’s economic development, financial markets and exchange rate to remain steady.
Han Xianwang, chief economist of China Universal Asset Management, said shares of companies engaged in consumption upgrading, technological innovation and structural reform will continue to lure investors.
Han’s priorities in the technology sector are Internet firms, makers of new-energy cars, new-material companies and medical companies.
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