HSBC: Olympics will not slow China growth story

Deseglise, global head of emerging markets at the group's Global Asset Management arm, pointed out that while investment in Olympic-related projects has topped $40bn since 2002, this was a drop in the ocean when placed in the context of China's $6.3tr fixed asset investment over the same period. He also remains bullish on the long-term outlook, especially since the stock market correction of earlier this year that has brought valuations back to more realistic levels. He cited the favourable macro environment of 10.1pc GDP growth and easing inflation and added that while inflation remaine...