Reform putting Chinese economy on right track

The Chinese economy is well on track with its reforms, according to fund managers. The only concern is that, owing to the general slowdown in the global economy, exports are likely to decrease this year. Export growth is down for the second consecutive month to 11.1% in April from 14.9% in March. However, as the country's dependency on exports is minimal, this does not look set to present a major threat. Fund manager of global emerging markets at Invesco, Mike Kerley, says: 'China has been immune to the slowdown of the global economy so far. The market share has grown, the domestic eco...