Peter Lowman, the chief investment officer for London based wealth management firm Investment Quorum, has told FT Adviser that while China had “undeniably” been “suffering the pangs” from transforming its economy away from investment-led growth to consumer-led growth, investors had overreacted to its troubles. Lowman noted that:
“Infrastructure will continue to be a key driver for the Chinese growth story. Therefore, many of the shares of the world’s leading mining companies now look relatively cheap.”
And while Lowman thinks there could be further downward pressure in the coming months, he also said that “for long-term investors this might be an interesting entry point” and that encouraging data in April “has helped to calm the markets.”
To read the whole article, Investors are overreacting to China’s woes, says Lowman, go to the website of FT Adviser.
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