Limited spaces available. Join us on 30 March 2009 @ Langham Hotel, Auckland City
International Sustainable Cities Forum
Building Sustainable Cities
Bringing together government and corporate leaders from New Zealand and China to explore the challenges and opportunities of building sustainable cities. Held in conjunction with the 1st Anniversary of the signing of the China-NZ FTA.
Confidence in China Growth Lifts Investment Sentiment
Published in Businessweek.com
Asian Investor February 20, 2009, 9:00AM EST
Confidence in China’s growth prospects has led to a sharp improvement in economic sentiment globally, according to the Merrill Lynch survey of fund managers for February.
Investors are at their most hopeful about the year ahead since the credit crunch took hold in July 2007, with only a net 6% of respondents expecting a worsening global economy in the 12 months compares with a net 24% in January. The majority recognizes, however, that the world economy is in recession.
Fears of a prolonged slowdown in China appear to be fading. The number of investors who predict lower growth in China over the coming 12 months has fallen sharply, to a net 21% in February from a net 70% in January.
Meanwhile, severe pessimism about the outlook for corporate earnings has started to ease. A net 43% of respondents expect to see deteriorating profits over the coming year, significantly lower than the 63% who held that view in December. A net 49% of the panel predicts inflation will fall over the coming 12 months, compared with 64% in January and 82% in December.
Tags: businessweek, china, confidence, investment
International Sustainable Cities Forum 2009 is brought to you by New Zealand Chinese Herald and Euroasia. We would like to thank our sponsors. We also appreciate the support of China Urban Realty Association and The Embassy of the People's Republic of China in New Zealand.