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China's GDP growth forecast is cut to 7.4% by HSBC for both 2013 and 2014 from 8.2% and 8.4%...

China's GDP growth forecast is cut to 7.4% by HSBC for both 2013 and 2014 from 8.2% and 8.4% previously. HSBC's view is now south of consensus as chief economist Qu Hongbin says reform measures - positive in the long-term - will actually be harmful to growth in the more immediate future. Shanghai (FXI, CAF) continues to slide, falling another 0.75% overnight.
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  • uriben
    , contributor
    Comments (3) | Send Message
     
    Someone should explain to me whats so bad for a basket of companies selling at P/E of 8.9 , in an economy thats is growing at annual rate of 7.4% ? and the basket is sold at a discount of ` 5%?
    19 Jun 2013, 09:13 AM Reply Like
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