Stephen Green is Head of Greater China research at Standard Chartered Bank in Shanghai. He lives in Shanghai and travels widely around China. Stephen has long been a China Bull, backed up by his living experience in China. Recently Stephen writes a few reports on China Property advising investors that there is no need to over worry the potential crackdown of China property market. According to Stephen, property sector is one of the most important fiscal revenue sources for local governments and they will have a strong incentive to manage the supply of land to prevent over falling of property price. Stephen also believes that China’s economic growth is likely to slow down in the next few years, but still above the growth pace of the developed countries. Read the rest of this entry »
Archive for category Bull China (唱多阵营)
Jim O’Neill is head of global economic research at Goldman Sachs. O’neil is best known for his prominent economic thesis regarding the economically related nations referred to as BRICs: Brazil, Russia, India and China. He coined the phrase in a 2001 paper entitle “The World Needs Better Economic BRICs.”
O’Neil is a vocal promoter of ‘China Century’, therefore I think it won’t cause any confusion if we classify O’Neil as a CHINA BULL. According to O’Neil, China is likely to take over USA as the world’s biggest economy by 2027 (Read Article from Korea Times). By then, according to O’Neil, the total economy size of BRIC will surpass that of G7, and the world would have a totally different look in terms of economic order. In addition, Jim O’Neil thinks that the 2008 financial crisis actually is a good opportunity for China and in fact shortened the time for China to catch up with USA. Based on such trend, China is likely to have an equal amount of economic and political influence on the world affair as USA by 2040.
Jim O’neil clearly is much more bullish about China than a lot of Chinese. Whether O’Neil’s brave prediction materializes remains to be seen. While as a Chinese I certainly would be happy to see that day, I remain sober and cautious against the potential fall outs. After all, it is a long time before we talk about 2027, let alone 2040. Two years ago, nobody would have foreseen the financial crisis to hit the industrialized world so hard. However Jim O’neil’s good wish on China makes him one of the remarkable feature in the camp of China Bulls. Read the rest of this entry »
Jing Ulrich is the managing director and chairman of JPMorgan’s China equities and commodities business. She is in charge of expanding JPMorgan’s equities business in China and worldwide as well as developing business opportunities that arise from China’s demand for commodities. Ulrich also created and runs JPMorgan’s “Hands-on China” series of expert speakers. Each year she organizes a China-investor conference that brings together over two thousand fund managers, corporate executives, and outside experts to discuss opportunities for investing in China.
Ulrich has long been a China Bull. In her latest article published on FT dated March 10, 2010 (Read Article Here), Ulrich defended China’s growth story as healthy and sustainable. According to Ulrich, none of the critics on China’s economic progress are well founded. The main reason is that China is a unique economy very different from that of US. China’s household debt is very low with minimal leverage and China’s potential growth of 10% per annum in the next 10 – 20 years could erase all the concerns on asset bubble and credit expansion. In addition, China government has launched tightening and expanding policy at the right time with the right scale, putting an additional safe valve to the economic machine. Read the rest of this entry »