US decline makes HK/PRC attractive

SchrodersÆ chief economist Keith Wade says these markets wonÆt just survive but will thrive as the American economy goes south.

Today Keith Wade, London-based chief economist at Schroder Investment Management, will make the case to Hong Kong clients and institutions that Hong Kong and the Peoples Republic of China will be the regions bright points in the face of a recession in the US. Indeed, he sees reasons why these markets will benefit in an absolute sense from Americas troubles.

The main points Wade will make at an investors conference held at the Hong Kong Exhibition Centre are that year 2001 US GDP growth forecasts have been slashed from 3% to 2% over the past two months that the Federal Reserves funds rate will be cut...

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