Mirae remains bullish on China

Jun 14, 2009

The fund house is relying on China to emerge from recession sooner and stronger than its global peers.

While some fund houses choose to be cautious on China due to what they consider to be stretched valuations in that market, Mirae Asset Global Investments believes that now is the time to invest in the mainland. Mirae's strongest argument for its bullishness is the expectation that China's economy is set to recover and achieve above 8% gross domestic product (GDP) growth in the second half of 2009.

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