China acts to slow heated markets

Concerns the Chinese market is overheating may be an overreaction by investors, according to fund managers. The fears of interest rate rises and high oil prices have led to some selling in the Chinese market but most managers believe there is potential for the Asian markets to bounce back. Paul Wimborne, director of Asian equities at Insight Investment, says: "The past year has been good for the Asian recovery. The weakness in the dollar and low interest rates have helped the growth of China. "However, the scenario now is moving into a period of a stronger dollar and interest rates a...