Ping An CIO: China has tools to avoid ‘Japanisation’
Ping An Insurance’s Benjamin Deng believes it’s going to be a ‘multi-year process’ for China to come out of the current development trough, but it won't be 30 years like Japan.
Ping An Insurance Group’s investment chief believes China has tools in the box to avoid the similarly themed “lost decades” of Japan, or so-called “Japanisation”, with its population growth being a deciding factor.
“But will China be immediately coming out of this scenario? I think it's going to be a multi-year process, starting from now,” Chief Investment Officer Benjamin Deng told AsianInvestor in an interview.
Benjamin Deng,
Ping An
He explained that it could tak…
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