China to lose steam in 2014

Expect a modest slowing of growth in China this year.

That was the consensus among experts participating in the annual Asian Financial Forum in Hong Kong, notes Ian Russell, president and CEO of the Investment Industry Association of Canada (IIAC).

Read: IIAC head elected incoming chair of ICSA

“The outlook for China’s growth will have a key bearing on the strength of commodities markets, the earnings and share prices for resource companies, and the prospects for rebounding growth in the Canadian and Australian economies,” Russell explains.

The expected slowdown “is recognition that export-led growth, reinforced with the traditional driver of high levels of investment spending, is unsustainable.”

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.