China 2012: No Hard Landing on the Horizon?
By CFA Institute: Jing Ulrich, J.P. Morgan’s managing director and chairman of global markets for China, began her presentation at the CFA Institute Asia Pacific Investment Conference last week by surveying the audience’s opinion on whether they believed China’s economy would suffer a “hard landing.” Only a few hands went up. Ulrich said she asked the same question of another audience of some 800 people from across the United States the previous week. Only a single hand went up. These results stand in sharp contrast to sentiment from just three months ago, Ulrich said, when about a third of her audiences were expecting a hard landing. The view on China’s macro picture has changed, she said. China is itself in the midst of transition. On the political front, Vice President Xi Jinping and Vice Premier Li Keqiang are preparing to take over as China’s top leaders later this year. With regard to socialComplete Story »